Xcel Brands (NASDAQ:XELB) Posts Earnings Results, Misses Expectations By $1.09 EPS

Xcel Brands (NASDAQ:XELB) posted its earnings results on Wednesday. The textile maker reported ($2.02) earnings per share for the quarter, missing the consensus estimate of ($0.93) by ($1.09), Zacks reports. The firm had revenue of $1.12 million during the quarter, compared to analysts’ expectations of $1.24 million. Xcel Brands had a negative net margin of 399.74% and a negative return on equity of 19.43%.

Xcel Brands Trading Down 4.2%

Shares of XELB stock opened at $0.80 on Thursday. The company has a market capitalization of $3.83 million, a P/E ratio of -0.08 and a beta of 0.96. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.69. Xcel Brands has a twelve month low of $0.78 and a twelve month high of $7.40.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XELB. Weiss Ratings reiterated a “sell (e+)” rating on shares of Xcel Brands in a research note on Wednesday, October 8th. Maxim Group initiated coverage on shares of Xcel Brands in a report on Tuesday, September 23rd. They issued a “buy” rating and a $3.00 target price on the stock. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.00.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Citadel Advisors LLC acquired a new position in shares of Xcel Brands, Inc (NASDAQ:XELB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned about 1.05% of Xcel Brands as of its most recent filing with the SEC. 18.55% of the stock is owned by hedge funds and other institutional investors.

About Xcel Brands

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.