Xcel Brands (NASDAQ:XELB) Issues Quarterly Earnings Results

Xcel Brands (NASDAQ:XELB) announced its quarterly earnings results on Thursday, May 14th. The textile maker reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.22, Zacks reports. The company had revenue of $1.14 million for the quarter, compared to the consensus estimate of $1.65 million. Xcel Brands had a negative return on equity of 83.71% and a negative net margin of 361.04%.

Xcel Brands Stock Performance

Shares of XELB stock opened at $2.21 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.75. Xcel Brands has a 12-month low of $0.74 and a 12-month high of $3.17. The business’s 50 day moving average is $1.84 and its two-hundred day moving average is $1.51. The company has a market capitalization of $13.37 million, a P/E ratio of -0.48 and a beta of 1.16.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xcel Brands stock. DRW Securities LLC grew its stake in Xcel Brands, Inc (NASDAQ:XELB) by 98.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,434 shares of the textile maker’s stock after purchasing an additional 17,053 shares during the quarter. DRW Securities LLC owned approximately 0.58% of Xcel Brands worth $37,000 as of its most recent SEC filing. Institutional investors own 18.55% of the company’s stock.

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.