Rhumbline Advisers Acquires 3,236 Shares of a.k.a. Brands Holding Corp. (NYSE:AKA)

Rhumbline Advisers lifted its holdings in a.k.a. Brands Holding Corp. (NYSE:AKA) by 487.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,900 shares of the company’s stock after purchasing an additional 3,236 shares during the period. Rhumbline Advisers’ holdings in a.k.a. Brands were worth $73,000 as of its most recent filing with the SEC.

a.k.a. Brands Stock Down 7.1 %

AKA stock opened at $12.31 on Tuesday. a.k.a. Brands Holding Corp. has a twelve month low of $7.22 and a twelve month high of $33.73. The company has a market cap of $130.93 million, a PE ratio of -4.26 and a beta of 1.39. The business’s 50-day simple moving average is $16.79 and its 200 day simple moving average is $20.47. The company has a quick ratio of 0.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

a.k.a. Brands (NYSE:AKA) last released its earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.74). The firm had revenue of $159.02 million for the quarter, compared to analyst estimates of $158.98 million. a.k.a. Brands had a negative return on equity of 20.82% and a negative net margin of 5.41%. On average, research analysts anticipate that a.k.a. Brands Holding Corp. will post -1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AKA. Jefferies Financial Group set a $17.00 price objective on a.k.a. Brands in a research note on Friday. Lake Street Capital initiated coverage on a.k.a. Brands in a research note on Monday, December 16th. They issued a “buy” rating and a $30.00 price objective on the stock. Telsey Advisory Group decreased their target price on a.k.a. Brands from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Friday.

a.k.a. Brands 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.