a.k.a. Brands Holding Corp. (NYSE:AKA) Receives Average Recommendation of “Hold” from Analysts

Shares of a.k.a. Brands Holding Corp. (NYSE:AKAGet Rating) have been given an average rating of “Hold” by the eight analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.15.

Several research firms have recently weighed in on AKA. Truist Financial reduced their price objective on a.k.a. Brands to $4.00 in a research report on Wednesday, November 16th. Telsey Advisory Group dropped their price objective on shares of a.k.a. Brands from $6.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, August 11th. Cowen cut shares of a.k.a. Brands from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $10.00 to $2.20 in a research note on Monday, August 8th. Wells Fargo & Company lowered their price target on a.k.a. Brands from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 11th. Finally, Credit Suisse Group cut their price target on a.k.a. Brands to $3.50 in a report on Wednesday, November 16th.

a.k.a. Brands Price Performance

Shares of NYSE:AKA opened at $1.64 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 1.84 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $1.66 and a 200 day moving average price of $2.41. The company has a market cap of $211.26 million, a price-to-earnings ratio of -82.00 and a beta of 1.21. a.k.a. Brands has a twelve month low of $1.25 and a twelve month high of $14.16.

Institutional Trading of a.k.a. Brands

A number of large investors have recently bought and sold shares of the stock. Signaturefd LLC acquired a new stake in shares of a.k.a. Brands in the 1st quarter valued at $43,000. Stephens Investment Management Group LLC boosted its position in a.k.a. Brands by 15.0% in the first quarter. Stephens Investment Management Group LLC now owns 2,084,794 shares of the company’s stock valued at $9,215,000 after buying an additional 272,024 shares in the last quarter. JPMorgan Chase & Co. grew its stake in a.k.a. Brands by 1,039.7% during the first quarter. JPMorgan Chase & Co. now owns 41,474 shares of the company’s stock worth $184,000 after buying an additional 37,835 shares during the last quarter. Bank of New York Mellon Corp increased 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 worth $103,000 after buying an additional 4,538 shares in the last quarter. Finally, Must Asset Management Inc. raised its stake in shares of a.k.a. Brands by 56.0% in the first quarter. Must Asset Management Inc. now owns 669,084 shares of the company’s stock valued at $3,084,000 after acquiring an additional 240,141 shares during the last quarter. 59.00% of the stock is currently owned by institutional investors.

About a.k.a. Brands

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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)

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