Xcel Brands, Inc (XELB) Director Edward Jones III Sells 7,500 Shares of Stock
Xcel Brands, Inc (NASDAQ:XELB) Director Edward Jones III sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $4.14, for a total transaction of $31,050.00. Following the sale, the director now directly owns 67,382 shares of the company’s stock, valued at approximately $278,961.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Xcel Brands, Inc (XELB) opened at 4.20 on Tuesday. The firm’s 50-day moving average price is $3.64 and its 200 day moving average price is $3.17. Xcel Brands, Inc has a 52 week low of $1.80 and a 52 week high of $5.30. The firm has a market cap of $66.96 million, a P/E ratio of 29.58 and a beta of 0.66.
Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $8.37 million for the quarter. Xcel Brands had a net margin of 8.38% and a return on equity of 0.99%. Equities analysts forecast that Xcel Brands, Inc will post $0.31 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Xcel Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. FBR & Co reissued a “buy” rating and set a $4.50 target price (up previously from $4.00) on shares of Xcel Brands in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised Xcel Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 24th.
A hedge fund recently raised its stake in Xcel Brands stock. ARS Investment Partners LLC raised its position in shares of 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 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 filing with the SEC. Hedge funds and other institutional investors own 23.00% of the company’s stock.
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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