Zacks: XCel Brands Inc (NASDAQ:XELB) Receives Consensus Recommendation of “Hold” from Analysts

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XCel Brands Inc (NASDAQ:XELB) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation. XCel Brands’ rating score has declined by 200% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus price target of $1.50 for the company and are anticipating that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given XCel Brands an industry rank of 26 out of 255 based on the ratings given to its competitors.

A number of research firms recently commented on XELB. ValuEngine upgraded XCel Brands from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 13th. Zacks Investment Research lowered XCel Brands from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Finally, DA Davidson cut XCel Brands from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th.

An institutional investor recently raised its position in XCel Brands stock. Vanguard Group Inc. lifted its position in shares of XCel Brands Inc (NASDAQ:XELB) by 50.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,321 shares of the textile maker’s stock after acquiring an additional 25,498 shares during the period. Vanguard Group Inc. owned about 0.40% of XCel Brands worth $111,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.33% of the company’s stock.

Shares of XELB stock opened at $1.33 on Friday. The firm has a market cap of $25.40 million, a P/E ratio of 6.65 and a beta of 1.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 1.40. XCel Brands has a 1-year low of $1.00 and a 1-year high of $3.50. The firm has a fifty day moving average of $1.57 and a two-hundred day moving average of $1.74.

XCel Brands (NASDAQ:XELB) last released its earnings results on Wednesday, November 13th. The textile maker reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). The company had revenue of $10.93 million during the quarter. XCel Brands had a return on equity of 3.46% and a net margin of 3.98%. On average, sell-side analysts expect that XCel Brands will post 0.24 EPS for the current year.

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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