Xcel Brands (NASDAQ:XELB) Announces Quarterly Earnings Results

Xcel Brands (NASDAQ:XELB) announced its quarterly earnings results on Thursday. The textile maker reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.02), Zacks reports. The firm had revenue of $1.12 million during the quarter, compared to the consensus estimate of $1.80 million. Xcel Brands had a negative net margin of 361.04% and a negative return on equity of 83.71%.

Xcel Brands Trading Down 3.2%

Shares of Xcel Brands stock traded down $0.03 during midday trading on Friday, reaching $1.03. 6,273 shares of the company’s stock traded hands, compared to its average volume of 166,912. The company has a market cap of $6.21 million, a PE ratio of -0.23 and a beta of 1.25. The stock has a 50 day moving average of $1.55 and a 200-day moving average of $1.71. Xcel Brands has a 12 month low of $0.74 and a 12 month high of $2.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.58 and a current ratio of 0.58.

Institutional Trading of Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. DRW Securities LLC lifted its position in Xcel Brands, Inc (NASDAQ:XELB) by 98.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,434 shares of the textile maker’s stock after acquiring an additional 17,053 shares during the period. DRW Securities LLC owned 0.58% of Xcel Brands worth $37,000 as of its most recent SEC filing. Institutional investors and hedge funds own 18.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Xcel Brands currently has a consensus rating of “Hold” and a consensus price target of $3.00.

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.