Zacks: XCel Brands Inc (NASDAQ:XELB) Given Consensus Recommendation of “Hold” by Brokerages

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

Brokerages have set a 12 month consensus target price of $0.75 for the company and are predicting 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 weighed in on the stock. ValuEngine lowered shares of XCel Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 2nd. Zacks Investment Research upgraded shares of XCel Brands from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a research note on Saturday, June 20th.

Shares of XELB stock traded up $0.04 during trading hours on Wednesday, reaching $0.92. 174 shares of the stock traded hands, compared to its average volume of 532,563. XCel Brands has a 1-year low of $0.40 and a 1-year high of $3.50. The business has a fifty day moving average price of $0.91 and a 200 day moving average price of $1.10. The company has a quick ratio of 1.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $16.83 million, a PE ratio of -3.93 and a beta of 2.08.

XCel Brands (NASDAQ:XELB) last released its quarterly earnings data on Tuesday, May 19th. The textile maker reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The firm 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%. Research analysts expect that XCel Brands will post 0.22 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in XCel Brands stock. M&T Bank Corp increased its position in shares of XCel Brands Inc (NASDAQ:XELB) by 19.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,833 shares of the textile maker’s stock after buying an additional 16,708 shares during the period. M&T Bank Corp owned 0.56% of XCel Brands worth $64,000 at the end of the most recent reporting period. 3.65% of the stock is owned by institutional investors.

About XCel Brands

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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