Shares of XCel Brands Inc (NASDAQ:XELB) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $1.50 for the company and are expecting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also given XCel Brands an industry rank of 77 out of 255 based on the ratings given to its competitors.
A number of brokerages recently issued reports on XELB. DA Davidson downgraded shares of XCel Brands from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Zacks Investment Research restated a “sell” rating on shares of XCel Brands in a research report on Saturday, January 11th. Finally, ValuEngine upgraded shares of XCel Brands from a “strong sell” rating to a “sell” rating in a research report on Saturday.
XCel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Wednesday, November 13th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). The company had revenue of $10.93 million for the quarter. On average, equities analysts expect that XCel Brands will post 0.24 EPS for the current year.
A hedge fund recently raised its stake in XCel Brands stock. Vanguard Group Inc. grew its holdings in XCel Brands Inc (NASDAQ:XELB) by 50.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,321 shares of the textile maker’s stock after buying an additional 25,498 shares during the period. Vanguard Group Inc. owned 0.40% of XCel Brands worth $111,000 as of its most recent filing with the Securities & Exchange Commission. 5.33% of the stock is owned by institutional investors and hedge funds.
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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