Renaissance Technologies LLC Boosts Holdings in a.k.a. Brands Holding Corp. (NYSE:AKA)

Renaissance Technologies LLC grew its position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the period. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Telsey Advisory Group decreased their price target on shares of a.k.a. Brands from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th.

a.k.a. Brands Price Performance

AKA opened at $22.28 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $233.61 million, a P/E ratio of -2.42 and a beta of 1.41. The stock has a 50-day moving average price of $22.07 and a 200-day moving average price of $17.79. a.k.a. Brands Holding Corp. has a 12-month low of $4.73 and a 12-month high of $33.73.

a.k.a. Brands (NYSE:AKA) last issued its earnings results on Wednesday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.08. The business had revenue of $148.93 million during the quarter, compared to analyst estimates of $134.86 million. a.k.a. Brands had a negative return on equity of 18.76% and a negative net margin of 17.19%. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. Equities analysts predict that a.k.a. Brands Holding Corp. will post -1.11 earnings per share for the current fiscal year.

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.