Xcel Brands, Inc (NASDAQ:XELB) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $4.00 for the company and are expecting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Xcel Brands an industry rank of 205 out of 265 based on the ratings given to its competitors.
A number of brokerages recently issued reports on XELB. FBR & Co restated an “outperform” rating and set a $4.00 target price on shares of Xcel Brands in a research report on Tuesday, July 11th. ValuEngine lowered shares of Xcel Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Xcel Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 24th.
An institutional investor recently raised its position in Xcel Brands stock. State of New Jersey Common Pension Fund D increased its position in Xcel Brands, Inc (NASDAQ:XELB) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 549,419 shares of the textile maker’s stock after buying an additional 20,000 shares during the period. State of New Jersey Common Pension Fund D owned 3.46% of Xcel Brands worth $1,676,000 as of its most recent SEC filing. 22.50% of the stock is owned by hedge funds and other institutional investors.
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Xcel Brands (NASDAQ:XELB) opened at 3.70 on Thursday. The firm has a 50-day moving average of $3.13 and a 200-day moving average of $3.21. Xcel Brands has a 1-year low of $1.80 and a 1-year high of $5.84. The stock has a market capitalization of $58.69 million, a price-to-earnings ratio of 30.08 and a beta of 0.57.
Xcel Brands (NASDAQ:XELB) last announced its earnings results on Tuesday, May 9th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Xcel Brands had a net margin of 7.27% and a return on equity of 0.20%. The firm had revenue of $8.43 million for the quarter, compared to analyst estimates of $8.70 million. Equities research analysts anticipate that Xcel Brands will post $0.29 EPS for the current year.
Xcel Brands Company Profile
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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