XCel Brands Inc (NASDAQ:XELB) Given Average Recommendation of “Strong Buy” by Brokerages

XCel Brands Inc (NASDAQ:XELB) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $5.00 for the company and are predicting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned XCel Brands an industry rank of 67 out of 255 based on the ratings given to its competitors.

Separately, ValuEngine raised shares of XCel Brands from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd.

Shares of NASDAQ:XELB opened at $1.68 on Wednesday. XCel Brands has a twelve month low of $1.00 and a twelve month high of $3.50. The company’s 50 day moving average is $1.79 and its 200 day moving average is $1.69. The company has a current ratio of 1.74, a quick ratio of 1.65 and a debt-to-equity ratio of 0.27. The company has a market cap of $34.54 million, a PE ratio of 8.40 and a beta of 1.49.

XCel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $9.14 million for the quarter, compared to the consensus estimate of $10.20 million. XCel Brands had a net margin of 7.12% and a return on equity of 3.68%. Equities research analysts predict that XCel Brands will post 0.32 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of XELB. Weber Alan W grew its stake in shares of XCel Brands by 125.0% during the 2nd quarter. Weber Alan W now owns 90,000 shares of the textile maker’s stock worth $131,000 after purchasing an additional 50,000 shares during the period. Vanguard Group Inc. grew its stake in shares of XCel Brands by 50.2% during the 2nd quarter. Vanguard Group Inc. now owns 76,321 shares of the textile maker’s stock worth $111,000 after purchasing an additional 25,498 shares during the period. Finally, Legacy Advisors LLC grew its stake in shares of XCel Brands by 1.4% during the 2nd quarter. Legacy Advisors LLC now owns 565,725 shares of the textile maker’s stock worth $820,000 after purchasing an additional 8,000 shares during the period. 13.62% of the stock is currently owned by institutional investors and hedge funds.

XCel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands.

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