Telsey Advisory Group Forecasts Strong Price Appreciation for a.k.a. Brands (NYSE:AKA) Stock

a.k.a. Brands (NYSE:AKA) had its target price lifted by investment analysts at Telsey Advisory Group from $25.00 to $28.00 in a note issued to investors on Friday. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 13.73% from the company’s previous close.

Separately, Truist Financial cut their price objective on a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, August 9th.

a.k.a. Brands Price Performance

Shares of AKA opened at $24.62 on Friday. The company has a market cap of $259.74 million, a price-to-earnings ratio of -2.75 and a beta of 1.41. The company has a current ratio of 1.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.74. The company’s fifty day simple moving average is $23.80 and its 200 day simple moving average is $19.87. a.k.a. Brands has a 1-year low of $6.10 and a 1-year high of $33.73.

a.k.a. Brands (NYSE:AKA) last issued its earnings results on Wednesday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.08. a.k.a. Brands had a negative net margin of 17.19% and a negative return on equity of 18.76%. The company had revenue of $148.93 million for the quarter, compared to analysts’ expectations of $134.86 million. During the same period in the prior year, the firm earned ($0.48) EPS. On average, research analysts forecast that a.k.a. Brands will post -0.88 earnings per share for the current fiscal year.

Institutional Trading of a.k.a. Brands

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC grew its stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,369 shares of the company’s stock after acquiring an additional 3,100 shares during the period. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent quarter. 55.35% of the stock is currently owned by 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.