Xcel Brands, Inc (XELB) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Xcel Brands, Inc (NASDAQ:XELB) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports.
Zacks has also given Xcel Brands an industry rank of 78 out of 265 based on the ratings given to its competitors.
Several equities analysts recently weighed in on XELB shares. FBR & Co raised their price objective on Xcel Brands from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, August 10th. B. Riley reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Xcel Brands in a research report on Friday, November 10th.
Several large investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. increased its holdings in Xcel Brands by 15.1% in the second quarter. AWM Investment Company Inc. now owns 430,002 shares of the textile maker’s stock valued at $1,312,000 after buying an additional 56,562 shares during the last quarter. Legacy Advisors LLC bought a new position in shares of Xcel Brands during the third quarter valued at approximately $1,676,000. ARS Investment Partners LLC grew its holdings in shares of Xcel Brands by 18.3% during the second quarter. ARS Investment Partners LLC now owns 510,453 shares of the textile maker’s stock valued at $1,557,000 after purchasing an additional 79,126 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Xcel Brands by 3.8% during the second quarter. State of New Jersey Common Pension Fund D now owns 549,419 shares of the textile maker’s stock worth $1,676,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 20.25% of the company’s stock.
Xcel Brands (XELB) traded down $0.16 on Friday, hitting $2.24. The stock had a trading volume of 33,100 shares, compared to its average volume of 19,190. The stock has a market cap of $41.26, a P/E ratio of 17.20 and a beta of 0.61. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. Xcel Brands has a fifty-two week low of $1.80 and a fifty-two week high of $5.05.
Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $7.89 million for the quarter, compared to analyst estimates of $10.49 million. Xcel Brands had a return on equity of 2.34% and a net margin of 8.92%.
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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