a.k.a. Brands (NYSE:AKA) Stock Price Down 3.1% – What’s Next?

Shares of a.k.a. Brands Holding Corp. (NYSE:AKA) fell 3.1% during trading on Tuesday . The stock traded as low as $8.73 and last traded at $8.73. 4,830 shares traded hands during trading, a decline of 19% from the average session volume of 5,932 shares. The stock had previously closed at $9.01.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.00.

a.k.a. Brands Trading Down 3.1%

The stock has a market cap of $94.46 million, a P/E ratio of -3.11 and a beta of 1.44. The company has a current ratio of 1.19, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $10.80.

a.k.a. Brands (NYSE:AKA) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.32. The company had revenue of $132.46 million during the quarter, compared to the consensus estimate of $131.17 million. a.k.a. Brands had a negative return on equity of 23.32% and a negative net margin of 5.00%. On average, research analysts expect that a.k.a. Brands Holding Corp. will post -1.77 EPS for the current fiscal year.

Institutional Investors Weigh In On a.k.a. Brands

An institutional investor recently bought a new position in a.k.a. Brands stock. 683 Capital Management LLC purchased a new position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 36,417 shares of the company’s stock, valued at approximately $390,000. 683 Capital Management LLC owned 0.34% of a.k.a. Brands at the end of the most recent quarter. 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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.