Zacks: Brokerages Set $5.00 Target Price for XCel Brands Inc (NASDAQ:XELB)

Shares of XCel Brands Inc (NASDAQ:XELB) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $5.00 for the company and are predicting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also given XCel Brands an industry rank of 112 out of 256 based on the ratings given to its competitors.

Several equities analysts have recently commented on the company. ValuEngine raised XCel Brands from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research raised XCel Brands from a “sell” rating to a “hold” rating in a research note on Friday, May 17th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Capital Management LLC acquired a new position in XCel Brands during the 1st quarter worth about $43,000. Deutsche Bank AG acquired a new position in XCel Brands during the 4th quarter worth about $57,000. Weber Alan W acquired a new position in XCel Brands during the 1st quarter worth about $68,000. Vanguard Group Inc. lifted its stake in XCel Brands by 50.2% during the 2nd quarter. Vanguard Group Inc. now owns 76,321 shares of the textile maker’s stock worth $111,000 after acquiring an additional 25,498 shares in the last quarter. Finally, ARS Investment Partners LLC lifted its stake in XCel Brands by 16.9% during the 1st quarter. ARS Investment Partners LLC now owns 443,293 shares of the textile maker’s stock worth $754,000 after acquiring an additional 64,240 shares in the last quarter. 14.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of XCel Brands stock traded down $0.06 during trading hours on Thursday, hitting $1.65. The company’s stock had a trading volume of 39,400 shares, compared to its average volume of 75,043. XCel Brands has a twelve month low of $1.00 and a twelve month high of $3.50. The company’s fifty day simple moving average is $2.19. The company has a market cap of $30.65 million, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.40.

XCel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. XCel Brands had a return on equity of 3.71% and a net margin of 7.12%. The business had revenue of $9.14 million for the quarter, compared to analyst estimates of $10.20 million. Equities analysts predict that XCel Brands will post 0.32 earnings per share for the current year.

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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