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

a.k.a. Brands (NYSE:AKA) had its price objective raised by equities researchers at Telsey Advisory Group from $20.00 to $25.00 in a report released on Friday, Benzinga reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 8.27% from the stock’s previous close.

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

a.k.a. Brands Stock Performance

Shares of a.k.a. Brands stock opened at $23.09 on Friday. The company has a 50 day moving average price of $23.56 and a 200 day moving average price of $19.28. The firm has a market capitalization of $243.60 million, a P/E ratio of -2.58 and a beta of 1.41. The company has a quick ratio of 0.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.74. a.k.a. Brands has a 52 week low of $6.00 and a 52 week high of $33.73.

a.k.a. Brands (NYSE:AKA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.08. a.k.a. Brands had a negative return on equity of 18.76% and a negative net margin of 17.19%. The business had revenue of $148.93 million for the quarter, compared to analyst estimates of $134.86 million. During the same period in the prior year, the company earned ($0.48) earnings per share. Sell-side analysts expect that a.k.a. Brands will post -1.11 EPS for the current year.

Institutional Trading of a.k.a. Brands

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC boosted its stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,369 shares of the company’s stock after buying an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 as of its most recent SEC filing. Institutional investors and hedge funds own 55.35% of the company’s stock.

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.