Xcel Brands (NASDAQ:XELB) Shares Down 3.7% – Here’s Why

Xcel Brands, Inc (NASDAQ:XELB) shares dropped 3.7% during trading on Monday . The company traded as low as $1.5450 and last traded at $1.56. Approximately 21,203 shares traded hands during trading, a decline of 41% from the average daily volume of 36,229 shares. The stock had previously closed at $1.62.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Xcel Brands in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.00.

Xcel Brands Stock Down 3.7%

The firm has a market capitalization of $9.19 million, a PE ratio of -0.20 and a beta of 1.00. The business’s fifty day moving average price is $1.28 and its 200 day moving average price is $1.34. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.55.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Wednesday, November 19th. The textile maker reported ($2.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.93) by ($1.09). The company had revenue of $1.12 million for the quarter, compared to analysts’ expectations of $1.24 million. Xcel Brands had a negative return on equity of 51.46% and a negative net margin of 437.09%. On average, equities research analysts forecast that Xcel Brands, Inc will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Loren Robert W. D purchased 81,466 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $1.17 per share, with a total value of $95,315.22. Following the completion of the acquisition, the chief executive officer directly owned 687,297 shares of the company’s stock, valued at approximately $804,137.49. This trade represents a 13.45% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought 181,466 shares of company stock worth $130,315 in the last quarter. Insiders own 29.47% of the company’s stock.

Institutional Trading of Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Citadel Advisors LLC bought a new stake in Xcel Brands, Inc (NASDAQ:XELB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned about 1.05% of Xcel Brands at the end of the most recent quarter. 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.