a.k.a. Brands (NYSE:AKA) Posts Quarterly Earnings Results, Misses Expectations By $0.50 EPS

a.k.a. Brands (NYSE:AKA) issued its quarterly earnings data on Thursday. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.85) by ($0.50), FiscalAI reports. a.k.a. Brands had a negative return on equity of 23.20% and a negative net margin of 4.42%.The firm had revenue of $163.95 million for the quarter, compared to analysts’ expectations of $164.45 million.

a.k.a. Brands Price Performance

Shares of a.k.a. Brands stock remained flat at $10.30 during trading on Thursday. The company had a trading volume of 1,479 shares, compared to its average volume of 2,936. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.35 and a quick ratio of 0.45. The stock has a market cap of $110.62 million, a PE ratio of -4.19 and a beta of 1.65. a.k.a. Brands has a 1 year low of $7.00 and a 1 year high of $16.90. The stock has a fifty day moving average of $11.14 and a 200 day moving average of $11.44.

Analyst Ratings Changes

A number of brokerages recently weighed in on AKA. Lake Street Capital reiterated a “buy” rating and set a $25.00 price objective on shares of a.k.a. Brands in a report on Thursday, November 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $13.00 target price on shares of a.k.a. Brands in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Wednesday, January 21st. Finally, Zacks Research cut a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.33.

Hedge Funds Weigh In On 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 position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) in the 2nd quarter, according to its most recent Form 13F filing with the 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. 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.