a.k.a. Brands (NYSE:AKA) Trading Up 4.6% – Time to Buy?

a.k.a. Brands Holding Corp. (NYSE:AKA)’s share price rose 4.6% on Wednesday . The stock traded as high as $11.25 and last traded at $11.20. 1,943 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 5,418 shares. The stock had previously closed at $10.71.

Analyst Ratings Changes

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

a.k.a. Brands Stock Performance

The business’s fifty day moving average price is $10.07 and its two-hundred day moving average price is $10.48. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.19. The stock has a market capitalization of $121.18 million, a P/E ratio of -3.99 and a beta of 1.41.

a.k.a. Brands (NYSE:AKA) last released its earnings results on Tuesday, May 12th. The company reported ($0.66) earnings per share for the quarter, beating the consensus estimate of ($0.98) by $0.32. The firm had revenue of $132.46 million for 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%. As a group, sell-side analysts forecast that a.k.a. Brands Holding Corp. will post -1.77 earnings per share for the current year.

Institutional Trading of a.k.a. Brands

An institutional investor recently bought a new position in a.k.a. Brands stock. Bridgeway Capital Management LLC acquired a new stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned approximately 0.11% of a.k.a. Brands at the end of the most recent reporting period. 55.35% of the stock is owned by 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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.