Xcel Brands (NASDAQ:XELB) Releases Earnings Results

Xcel Brands (NASDAQ:XELB) announced its earnings results on Thursday. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.17, FiscalAI reports. Xcel Brands had a negative return on equity of 83.71% and a negative net margin of 361.04%.The firm had revenue of $1.12 million for the quarter, compared to analyst estimates of $1.80 million.

Xcel Brands Stock Up 3.9%

Shares of XELB traded up $0.04 during midday trading on Thursday, hitting $1.06. The company had a trading volume of 20,576 shares, compared to its average volume of 167,969. The company’s 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.72. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.58 and a current ratio of 0.58. Xcel Brands has a 1 year low of $0.74 and a 1 year high of $2.66. The firm has a market capitalization of $6.41 million, a P/E ratio of -0.23 and a beta of 1.25.

Analyst Ratings Changes

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

Institutional Trading of Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. DRW Securities LLC raised its stake in Xcel Brands, Inc (NASDAQ:XELB) by 98.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,434 shares of the textile maker’s stock after purchasing 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. 18.55% of the stock is owned by institutional investors.

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.