Xcel Brands, Inc (NASDAQ:XELB)‘s stock had its “buy” rating restated by equities research analysts at FBR & Co in a research note issued to investors on Thursday. They currently have a $4.50 price objective on the textile maker’s stock, up from their previous price objective of $4.00. FBR & Co’s price objective points to a potential upside of 4.65% from the company’s previous close.
XELB has been the topic of a number of other research reports. Zacks Investment Research upgraded Xcel Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 24th. ValuEngine lowered Xcel Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
Xcel Brands (XELB) traded up 7.50% during midday trading on Thursday, reaching $4.30. 9,243 shares of the company’s stock were exchanged. The firm has a market capitalization of $79.43 million, a price-to-earnings ratio of 30.94 and a beta of 0.66. Xcel Brands has a 52 week low of $1.80 and a 52 week high of $5.59. The firm’s 50 day moving average is $3.37 and its 200 day moving average is $3.17.
Xcel Brands (NASDAQ:XELB) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Xcel Brands had a return on equity of 1.00% and a net margin of 8.38%. The company had revenue of $8.37 million during the quarter. On average, equities analysts anticipate that Xcel Brands will post $0.31 earnings per share for the current year.
An institutional investor recently raised its position in Xcel Brands stock. ARS Investment Partners LLC raised its position in shares of Xcel Brands, Inc (NASDAQ:XELB) by 15.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431,327 shares of the textile maker’s stock after buying an additional 58,883 shares during the period. ARS Investment Partners LLC owned 2.79% of Xcel Brands worth $1,165,000 at the end of the most recent quarter. Institutional investors own 22.57% of the company’s stock.
Xcel Brands Company Profile
Xcel Brands, Inc is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands.
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