Brokers Offer Predictions for a.k.a. Brands FY2024 Earnings

a.k.a. Brands Holding Corp. (NYSE:AKA) – Stock analysts at Telsey Advisory Group raised their FY2024 earnings per share estimates for shares of a.k.a. Brands in a research report issued on Tuesday, January 14th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will earn ($1.72) per share for the year, up from their prior estimate of ($1.77). Telsey Advisory Group currently has a “Market Perform” rating and a $22.00 target price on the stock. The consensus estimate for a.k.a. Brands’ current full-year earnings is ($1.59) per share. Telsey Advisory Group also issued estimates for a.k.a. Brands’ Q4 2024 earnings at ($0.28) EPS and FY2025 earnings at ($0.62) EPS.

Separately, Lake Street Capital initiated coverage on a.k.a. Brands in a report on Monday, December 16th. They issued a “buy” rating and a $30.00 target price for the company.

a.k.a. Brands Price Performance

AKA opened at $16.90 on Thursday. The stock has a fifty day moving average of $19.97 and a 200-day moving average of $20.64. The firm has a market capitalization of $179.76 million, a P/E ratio of -5.85 and a beta of 1.40. a.k.a. Brands has a 12-month low of $7.22 and a 12-month high of $33.73. The company has a quick ratio of 0.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

Institutional Trading of a.k.a. Brands

A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC increased its position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,369 shares of the company’s stock after acquiring an additional 3,100 shares during the period. Renaissance Technologies LLC owned about 0.29% of a.k.a. Brands worth $463,000 as of its most recent filing with the Securities and Exchange Commission. 55.35% of the stock is currently owned by institutional investors and hedge funds.

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.