Xcel Brands (NASDAQ:XELB – Get Free Report) issued its earnings results on Thursday, May 14th. The textile maker reported ($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.22, Zacks reports. The business had revenue of $1.14 million during the quarter, compared to the consensus estimate of $1.65 million. Xcel Brands had a negative return on equity of 83.71% and a negative net margin of 361.04%.
Xcel Brands Price Performance
Shares of NASDAQ XELB opened at $2.00 on Wednesday. The stock has a market capitalization of $12.10 million, a price-to-earnings ratio of -0.43 and a beta of 1.18. Xcel Brands has a 52 week low of $0.74 and a 52 week high of $2.66. The firm has a 50-day moving average price of $2.09 and a 200 day moving average price of $1.67. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.75.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Xcel Brands currently has an average rating of “Hold” and a consensus price target of $3.00.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Xcel Brands stock. Citadel Advisors LLC purchased a new position in shares of Xcel Brands, Inc (NASDAQ:XELB – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned approximately 1.05% of Xcel Brands at the end of the most recent reporting period. 18.55% of the stock is owned by institutional investors and hedge funds.
About Xcel Brands
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.
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