a.k.a. Brands (NYSE:AKA) Receives “Sell (D-)” Rating from Weiss Ratings

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

AKA has been the topic of several other research reports. Lake Street Capital initiated coverage on shares of a.k.a. Brands in a research report on Monday, December 16th. They set a “buy” rating and a $30.00 price target on the stock. Telsey Advisory Group dropped their price target on shares of a.k.a. Brands from $28.00 to $22.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th.

a.k.a. Brands Stock Up 0.4 %

NYSE:AKA opened at $16.92 on Wednesday. The firm has a market capitalization of $179.98 million, a P/E ratio of -5.85 and a beta of 1.37. a.k.a. Brands has a 1-year low of $7.22 and a 1-year high of $33.73. The company’s fifty day moving average price is $18.04 and its 200-day moving average price is $20.85. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AKA. Rhumbline Advisers lifted its holdings in a.k.a. Brands by 487.3% during the fourth quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock valued at $73,000 after purchasing an additional 3,236 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in a.k.a. Brands by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock valued at $43,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in a.k.a. Brands by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock valued at $276,000 after purchasing an additional 792 shares in the last quarter. 55.35% of the stock is owned by hedge funds and other 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.