Xcel Brands, Inc (XELB) Earns Buy Rating from B. Riley

B. Riley reiterated their buy rating on shares of Xcel Brands, Inc (NASDAQ:XELB) in a research report report published on Friday. They currently have a $4.50 price objective on the textile maker’s stock. B. Riley also issued estimates for Xcel Brands’ Q3 2017 earnings at $0.10 EPS, Q4 2017 earnings at $0.07 EPS, FY2017 earnings at $0.21 EPS and FY2018 earnings at $0.38 EPS.

Separately, FBR & Co reissued a buy rating and issued a $4.50 target price (up previously from $4.00) on shares of Xcel Brands in a research note on Thursday, August 10th.

Shares of Xcel Brands (NASDAQ:XELB) opened at $2.50 on Friday. The firm has a market cap of $47.10, a PE ratio of 19.61 and a beta of 0.61. Xcel Brands has a 52 week low of $1.80 and a 52 week high of $5.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.68 and a quick ratio of 2.68.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Thursday, November 9th. The textile maker reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The business had revenue of $7.89 million during the quarter, compared to the consensus estimate of $10.49 million. Xcel Brands had a net margin of 8.92% and a return on equity of 2.34%. equities analysts expect that Xcel Brands will post 0.21 EPS for the current year.

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In related news, Director Edward Jones III sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $4.14, for a total value of $31,050.00. Following the sale, the director now owns 67,382 shares of the company’s stock, valued at $278,961.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 59.94% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D grew its stake in Xcel Brands by 3.8% during the second quarter. State of New Jersey Common Pension Fund D now owns 549,419 shares of the textile maker’s stock worth $1,676,000 after buying an additional 20,000 shares during the last quarter. ARS Investment Partners LLC grew its stake in Xcel Brands by 18.3% during the second quarter. ARS Investment Partners LLC now owns 510,453 shares of the textile maker’s stock worth $1,557,000 after buying an additional 79,126 shares during the last quarter. AWM Investment Company Inc. grew its stake in Xcel Brands by 15.1% during the second quarter. AWM Investment Company Inc. now owns 430,002 shares of the textile maker’s stock worth $1,312,000 after buying an additional 56,562 shares during the last quarter. Finally, Legacy Advisors LLC bought a new stake in Xcel Brands during the third quarter worth about $1,676,000. 20.23% of the stock is currently owned by institutional investors and hedge funds.

About Xcel Brands

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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