Xcel Brands (NASDAQ:XELB) Issues Quarterly Earnings Results, Beats Estimates By $0.37 EPS

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

Xcel Brands Price Performance

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

Institutional Trading of Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Citadel Advisors LLC acquired a new position in Xcel Brands, Inc (NASDAQ:XELB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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 filing with the Securities & Exchange Commission. 18.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Xcel Brands in a report on Wednesday, October 8th. Maxim Group initiated coverage on shares of Xcel Brands in a research report on Tuesday, September 23rd. They set a “buy” rating and a $3.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Xcel Brands presently has an average 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.