FBR & Co reaffirmed their outperform rating on shares of Xcel Brands, Inc (NASDAQ:XELB) in a report published on Tuesday, July 11th. They currently have a $4.00 price target on the textile maker’s stock.
XELB has been the subject of several other reports. ValuEngine raised Xcel Brands from a hold rating to a buy rating in a research note on Wednesday, May 17th. Zacks Investment Research raised Xcel Brands from a strong sell rating to a hold rating in a research note on Wednesday, May 24th.
Xcel Brands (NASDAQ:XELB) traded up 7.50% on Tuesday, reaching $4.30. The company’s stock had a trading volume of 9,243 shares. Xcel Brands has a 52 week low of $1.80 and a 52 week high of $5.59. The firm’s 50 day moving average price is $3.32 and its 200-day moving average price is $3.17. The company has a market capitalization of $68.21 million, a price-to-earnings ratio of 34.96 and a beta of 0.66.
Xcel Brands (NASDAQ:XELB) last posted its earnings results on Wednesday, August 9th. The textile maker reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by $0.01. The business had revenue of $8.37 million during the quarter. Xcel Brands had a net margin of 8.38% and a return on equity of 1.00%. On average, equities analysts predict that Xcel Brands will post $0.31 EPS for the current year.
An institutional investor recently raised its position in Xcel Brands stock. ARS Investment Partners LLC raised its stake in Xcel Brands, Inc (NASDAQ:XELB) by 15.8% during the first quarter, according to its most recent disclosure with the SEC. The fund 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 2.79% of Xcel Brands worth $1,165,000 as of its most recent SEC filing. Institutional investors own 22.57% of the company’s stock.
Xcel Brands Company Profile
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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