Xcel Brands, Inc (NASDAQ:XELB) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $6.80 for the company and are predicting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given Xcel Brands an industry rank of 242 out of 265 based on the ratings given to its competitors.
XELB has been the subject of several research reports. ValuEngine raised shares of Xcel Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. Zacks Investment Research raised shares of Xcel Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 24th.
A hedge fund recently raised its stake in Xcel Brands stock. ARS Investment Partners LLC increased its stake in Xcel Brands, Inc (NASDAQ:XELB) by 15.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 approximately 2.79% of Xcel Brands worth $1,165,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 22.50% of the company’s stock.
Xcel Brands (XELB) traded down 9.68% during trading on Monday, reaching $2.80. 30,171 shares of the company were exchanged. The firm has a market cap of $44.41 million, a price-to-earnings ratio of 22.76 and a beta of 0.57. Xcel Brands has a 52-week low of $1.80 and a 52-week high of $5.84. The firm has a 50-day moving average of $2.49 and a 200-day moving average of $3.50.
Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings data on Tuesday, May 9th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Xcel Brands had a net margin of 7.27% and a return on equity of 0.20%. The company had revenue of $8.43 million during the quarter, compared to the consensus estimate of $8.70 million. On average, equities analysts forecast that Xcel Brands will post $0.31 EPS for the current year.
About Xcel Brands
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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