Xcel Brands (NASDAQ:XELB) Releases Earnings Results

Xcel Brands (NASDAQ:XELB) posted its quarterly earnings results on Thursday. The textile maker reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.22, Zacks reports. The business had revenue of $1.14 million during the quarter, compared to analyst estimates of $1.65 million. Xcel Brands had a negative net margin of 361.04% and a negative return on equity of 77.85%.

Xcel Brands Price Performance

Shares of XELB stock traded down $0.04 during mid-day trading on Friday, hitting $2.11. The company had a trading volume of 18,004 shares, compared to its average volume of 23,163. Xcel Brands has a 52-week low of $0.74 and a 52-week high of $3.17. The stock’s 50 day moving average price is $1.77 and its 200-day moving average price is $1.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $12.47 million, a P/E ratio of -0.45 and a beta of 1.16.

Institutional Investors Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. DRW Securities LLC raised its position in shares of Xcel Brands, Inc (NASDAQ:XELB) by 98.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,434 shares of the textile maker’s stock after acquiring an additional 17,053 shares during the period. DRW Securities LLC owned approximately 0.58% of Xcel Brands worth $37,000 as of its most recent filing with the Securities & Exchange Commission. 18.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Xcel Brands has an average rating of “Hold” and an average target price of $3.00.

About Xcel Brands

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.