Telsey Advisory Group Cuts a.k.a. Brands (NYSE:AKA) Price Target to $22.00

a.k.a. Brands (NYSE:AKA) had its price target trimmed by Telsey Advisory Group from $28.00 to $22.00 in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage currently has a market perform rating on the stock. Telsey Advisory Group also issued estimates for a.k.a. Brands’ Q4 2024 earnings at ($0.28) EPS, FY2024 earnings at ($1.72) EPS and FY2025 earnings at ($0.62) EPS.

Separately, Lake Street Capital initiated coverage on a.k.a. Brands in a research note on Monday, December 16th. They set a “buy” rating and a $30.00 price objective on the stock.

a.k.a. Brands Trading Down 3.3 %

Shares of a.k.a. Brands stock opened at $16.90 on Tuesday. The business has a 50 day moving average price of $19.97 and a 200 day moving average price of $20.64. The company has a market capitalization of $179.76 million, a P/E ratio of -5.85 and a beta of 1.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. a.k.a. Brands has a 1 year low of $7.22 and a 1 year high of $33.73.

Institutional Trading of a.k.a. Brands

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC increased its holdings in a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the period. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 as of its most recent SEC filing. Institutional investors 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.