Brokerages Expect XCel Brands Inc (NASDAQ:XELB) to Post $0.03 EPS

Shares of XCel Brands Inc (NASDAQ:XELB) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a 1-year consensus price target of $0.75 for the company and are expecting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given XCel Brands an industry rank of 170 out of 254 based on the ratings given to its competitors.

Several research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of XCel Brands from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a research note on Saturday, June 20th. ValuEngine lowered shares of XCel Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 2nd.

Shares of NASDAQ XELB traded up $0.04 during mid-day trading on Wednesday, hitting $0.92. The company’s stock had a trading volume of 174 shares, compared to its average volume of 532,563. The stock has a market cap of $16.83 million, a price-to-earnings ratio of -3.93 and a beta of 2.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.65 and a quick ratio of 1.56. XCel Brands has a one year low of $0.40 and a one year high of $3.50. The company’s fifty day simple moving average is $0.91 and its 200-day simple moving average is $1.10.

XCel Brands (NASDAQ:XELB) last issued its earnings results on Tuesday, May 19th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $9.53 million for the quarter. XCel Brands had a negative net margin of 10.64% and a positive return on equity of 2.50%. On average, sell-side analysts predict that XCel Brands will post 0.22 EPS for the current year.

An institutional investor recently raised its position in XCel Brands stock. M&T Bank Corp boosted its stake in shares of XCel Brands Inc (NASDAQ:XELB) by 47.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 88,125 shares of the textile maker’s stock after buying an additional 28,292 shares during the period. M&T Bank Corp owned approximately 0.46% of XCel Brands worth $132,000 as of its most recent filing with the SEC. 3.65% of the stock is currently owned by institutional investors.

XCel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands.

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