Xcel Brands (NASDAQ:XELB – Get Free Report) announced its quarterly earnings data on Thursday. The textile maker reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.17, FiscalAI reports. The firm had revenue of $1.12 million for the quarter, compared to the consensus estimate of $1.80 million. Xcel Brands had a negative return on equity of 83.71% and a negative net margin of 361.04%.
Xcel Brands Trading Up 3.9%
Shares of NASDAQ XELB traded up $0.04 during midday trading on Thursday, reaching $1.06. 20,526 shares of the stock were exchanged, compared to its average volume of 167,966. The stock has a market capitalization of $6.41 million, a P/E ratio of -0.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50 day simple moving average of $1.57 and a 200 day simple moving average of $1.72. Xcel Brands has a twelve month low of $0.74 and a twelve month high of $2.66.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.00.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Xcel Brands stock. Citadel Advisors LLC bought a new stake in Xcel Brands, Inc (NASDAQ:XELB – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned 1.05% of Xcel Brands as of its most recent SEC filing. Hedge funds and other institutional investors own 18.55% of the company’s stock.
Xcel Brands Company Profile
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.
Featured Stories
- Five stocks we like better than Xcel Brands
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Receive News & Ratings for Xcel Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Brands and related companies with MarketBeat.com's FREE daily email newsletter.
