Loren Robert D Acquires 50,000 Shares of Xcel Brands (NASDAQ:XELB) Stock

Xcel Brands, Inc (NASDAQ:XELB) CEO Loren Robert D purchased 50,000 shares of Xcel Brands stock in a transaction dated Friday, December 5th. The shares were bought at an average price of $0.35 per share, with a total value of $17,500.00. Following the completion of the acquisition, the chief executive officer directly owned 605,831 shares of the company’s stock, valued at approximately $212,040.85. This represents a 9.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Xcel Brands Stock Up 4.2%

Xcel Brands stock traded up $0.04 during mid-day trading on Friday, reaching $0.97. The stock had a trading volume of 26,987 shares, compared to its average volume of 38,230. Xcel Brands, Inc has a one year low of $0.74 and a one year high of $7.40. The company has a 50-day moving average price of $1.36 and a two-hundred day moving average price of $1.55. The company has a market capitalization of $4.61 million, a price-to-earnings ratio of -0.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.51 and a quick ratio of 0.51.

Xcel Brands (NASDAQ:XELB) last issued its earnings results on Wednesday, November 19th. The textile maker reported ($2.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($1.09). Xcel Brands had a negative return on equity of 51.46% and a negative net margin of 437.09%.The firm had revenue of $1.12 million during the quarter, compared to analysts’ expectations of $1.24 million. On average, analysts expect that Xcel Brands, Inc will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Xcel Brands in a report on Wednesday, October 8th. Maxim Group started coverage on Xcel Brands in a report on Tuesday, September 23rd. They issued a “buy” rating and a $3.00 price objective for the company. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.00.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Citadel Advisors LLC acquired a new position in Xcel Brands, Inc (NASDAQ:XELB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned approximately 1.05% of Xcel Brands at the end of the most recent reporting period. 18.55% of the stock is currently owned by institutional investors.

Xcel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.