a.k.a. Brands (NYSE:AKA) PT Lowered to $4.00 at Truist Financial

a.k.a. Brands (NYSE:AKAGet Rating) had its price target cut by Truist Financial to $4.00 in a research report released on Wednesday, Stock Target Advisor reports.

AKA has been the subject of a number of other research reports. Cowen downgraded a.k.a. Brands from an outperform rating to a market perform rating and dropped their target price for the stock from $10.00 to $2.20 in a research report on Monday, August 8th. Cowen downgraded a.k.a. Brands from an outperform rating to a market perform rating and dropped their target price for the stock from $10.00 to $2.20 in a research report on Monday, August 8th. Credit Suisse Group dropped their target price on a.k.a. Brands to $3.50 in a research report on Wednesday. Wells Fargo & Company dropped their target price on a.k.a. Brands from $5.00 to $3.00 and set an equal weight rating for the company in a research report on Thursday, August 11th. Finally, Telsey Advisory Group lowered their price objective on a.k.a. Brands from $6.00 to $4.00 and set an outperform rating for the company in a research report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $4.61.

a.k.a. Brands Stock Down 2.2 %

Shares of NYSE AKA opened at $1.82 on Wednesday. The business has a 50-day moving average of $1.67 and a 200-day moving average of $2.43. The firm has a market capitalization of $234.45 million, a price-to-earnings ratio of -91.00 and a beta of 1.21. a.k.a. Brands has a 12 month low of $1.25 and a 12 month high of $14.30. The company has a current ratio of 1.84, a quick ratio of 0.58 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On a.k.a. Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in shares of a.k.a. Brands by 24.2% during the first quarter. Bank of New York Mellon Corp now owns 23,254 shares of the company’s stock valued at $103,000 after acquiring an additional 4,538 shares in the last quarter. BlackRock Inc. raised its holdings in shares of a.k.a. Brands by 1.7% during the first quarter. BlackRock Inc. now owns 362,482 shares of the company’s stock valued at $1,602,000 after acquiring an additional 6,231 shares in the last quarter. Northern Trust Corp raised its holdings in shares of a.k.a. Brands by 9.7% during the second quarter. Northern Trust Corp now owns 70,621 shares of the company’s stock valued at $195,000 after acquiring an additional 6,273 shares in the last quarter. Signaturefd LLC bought a new position in shares of a.k.a. Brands during the first quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC raised its holdings in shares of a.k.a. Brands by 17.1% during the second quarter. Renaissance Technologies LLC now owns 68,600 shares of the company’s stock valued at $189,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 59.00% of the company’s stock.

a.k.a. Brands Company Profile

(Get Rating)

a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. It offers apparel, footwear, and accessories through its online stores under the Princess Polly, Culture Kings, Petal & Pup, mnml, and Rebdolls brands, as well as operates eight physical stores under the Culture Kings brand name.

Further Reading

Analyst Recommendations for a.k.a. Brands (NYSE:AKA)

Receive News & Ratings for a.k.a. Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for a.k.a. Brands and related companies with MarketBeat.com's FREE daily email newsletter.