a.k.a. Brands (NYSE:AKA) Price Target Cut to $18.00 by Analysts at Telsey Advisory Group

a.k.a. Brands (NYSE:AKA) had its price objective lowered by equities research analysts at Telsey Advisory Group from $22.00 to $18.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 17.88% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Wednesday, February 19th. Lake Street Capital assumed coverage on a.k.a. Brands in a report on Monday, December 16th. They set a “buy” rating and a $30.00 target price for the company.

a.k.a. Brands Stock Up 5.5 %

a.k.a. Brands stock opened at $15.27 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. a.k.a. Brands has a 52 week low of $7.22 and a 52 week high of $33.73. The business’s 50-day moving average price is $17.00 and its 200 day moving average price is $20.62. The firm has a market cap of $162.47 million, a price-to-earnings ratio of -5.28 and a beta of 1.39.

a.k.a. Brands (NYSE:AKA) last posted its earnings results on Thursday, March 6th. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.74). a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. As a group, sell-side analysts anticipate that a.k.a. Brands will post -1.57 earnings per share for the current year.

Hedge Funds Weigh In On a.k.a. Brands

Several hedge funds and other institutional investors have recently modified their holdings of AKA. Rhumbline Advisers raised its holdings in a.k.a. Brands by 487.3% in the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock valued at $73,000 after acquiring an additional 3,236 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of a.k.a. Brands by 103.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock valued at $43,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of a.k.a. Brands by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock valued at $276,000 after purchasing an additional 792 shares during the last quarter. 55.35% of the stock is owned by hedge funds and other institutional investors.

About a.k.a. Brands

a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. The company offers streetwear apparel, dresses, tops, bottoms, shoes, headwear, and accessories through its online stores under the Princess Polly, Petal & Pup, Culture Kings, and mnml brands.