Xcel Brands, Inc (NASDAQ:XELB)‘s stock had its “buy” rating reiterated by equities researchers at FBR & Co in a research note issued to investors on Thursday. They presently have a $4.50 target price on the textile maker’s stock, up from their previous target price of $4.00. FBR & Co’s price objective points to a potential upside of 15.38% from the company’s current price.
XELB has been the topic of several other reports. Zacks Investment Research upgraded Xcel Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 24th. ValuEngine downgraded Xcel Brands from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
Shares of Xcel Brands (XELB) opened at 3.90 on Thursday. The stock has a 50 day moving average of $3.29 and a 200-day moving average of $3.16. The company has a market cap of $61.86 million, a PE ratio of 31.71 and a beta of 0.66. Xcel Brands has a 12 month low of $1.80 and a 12 month high of $5.59.
Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Tuesday, May 9th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Xcel Brands had a return on equity of 0.20% and a net margin of 7.27%. The firm had revenue of $8.43 million during the quarter, compared to analyst estimates of $8.70 million. Equities analysts forecast that Xcel Brands will post $0.29 earnings per share for the current year.
An institutional investor recently raised its position in Xcel Brands stock. ARS Investment Partners LLC increased its position in shares of Xcel Brands, Inc (NASDAQ:XELB) by 18.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 510,453 shares of the textile maker’s stock after buying an additional 79,126 shares during the period. ARS Investment Partners LLC owned approximately 3.22% of Xcel Brands worth $1,557,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 22.57% of the company’s stock.
Xcel Brands Company Profile
Xcel Brands, Inc is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands.
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