Xcel Brands (NASDAQ:XELB) Issues Quarterly Earnings Results

Xcel Brands (NASDAQ:XELB) posted its quarterly earnings results on Wednesday. The textile maker reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.71) by $0.37, FiscalAI reports. The firm had revenue of $1.12 million during the quarter, compared to the consensus estimate of $1.24 million. Xcel Brands had a negative net margin of 399.74% and a negative return on equity of 19.43%.

Xcel Brands Stock Down 4.2%

Shares of Xcel Brands stock traded down $0.04 on Wednesday, reaching $0.80. The stock had a trading volume of 52,686 shares, compared to its average volume of 422,347. The company has a 50 day moving average price of $1.52 and a 200 day moving average price of $1.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.52. Xcel Brands has a 1 year low of $0.78 and a 1 year high of $7.40. The stock has a market capitalization of $3.83 million, a P/E ratio of -0.08 and a beta of 0.96.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Citadel Advisors LLC purchased a new position in Xcel Brands, Inc (NASDAQ:XELB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned about 1.05% of Xcel Brands at the end of the most recent quarter. Institutional investors own 18.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on XELB. Maxim Group assumed coverage on Xcel Brands in a research report on Tuesday, September 23rd. They set a “buy” rating and a $3.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Xcel Brands in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.00.

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.