FY2024 EPS Estimates for a.k.a. Brands Boosted by Analyst

a.k.a. Brands Holding Corp. (NYSE:AKA) – Telsey Advisory Group upped their FY2024 earnings estimates for shares of a.k.a. Brands in a research note issued on Tuesday, January 14th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn ($1.72) per share for the year, up from their prior forecast of ($1.77). Telsey Advisory Group currently has a “Market Perform” rating and a $22.00 target price on the stock. The consensus estimate for a.k.a. Brands’ current full-year earnings is ($1.59) per share. Telsey Advisory Group also issued estimates for a.k.a. Brands’ Q4 2024 earnings at ($0.28) EPS and FY2025 earnings at ($0.62) EPS.

Separately, Lake Street Capital started coverage on shares of a.k.a. Brands in a research note on Monday, December 16th. They set a “buy” rating and a $30.00 price objective for the company.

a.k.a. Brands Stock Performance

Shares of AKA stock opened at $17.48 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. The firm has a market capitalization of $185.99 million, a price-to-earnings ratio of -6.05 and a beta of 1.40. a.k.a. Brands has a one year low of $7.22 and a one year high of $33.73. The company has a 50 day moving average price of $20.14 and a 200 day moving average price of $20.67.

Institutional Trading of a.k.a. Brands

A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC increased its stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 30,369 shares of the company’s stock after acquiring an additional 3,100 shares during the period. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent reporting period. 55.35% of the stock is owned by hedge funds and other institutional investors.

a.k.a. Brands Company Profile

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.