a.k.a. Brands (NYSE:AKA) Coverage Initiated by Analysts at Lake Street Capital

Lake Street Capital initiated coverage on shares of a.k.a. Brands (NYSE:AKA) in a report released on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $30.00 price objective on the stock.

Separately, Telsey Advisory Group increased their price objective on a.k.a. Brands from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, November 8th.

a.k.a. Brands Stock Down 0.2 %

AKA stock opened at $20.50 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. The company has a market capitalization of $218.12 million, a price-to-earnings ratio of -7.09 and a beta of 1.36. a.k.a. Brands has a fifty-two week low of $7.00 and a fifty-two week high of $33.73. The stock has a fifty day moving average of $22.37 and a 200-day moving average of $20.15.

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

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC lifted its stake in a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,369 shares of the company’s stock after buying an additional 3,100 shares during the period. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 as of its most recent SEC filing. 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.