Xcel Brands (NASDAQ:XELB) Announces Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Xcel Brands (NASDAQ:XELB) issued its quarterly earnings data on Thursday. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.17, FiscalAI reports. Xcel Brands had a negative net margin of 361.04% and a negative return on equity of 83.71%. The firm had revenue of $1.12 million for the quarter, compared to analyst estimates of $1.80 million.

Xcel Brands Trading Up 3.9%

NASDAQ:XELB traded up $0.04 on Thursday, reaching $1.06. 20,526 shares of the company’s stock were exchanged, compared to its average volume of 167,966. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $6.41 million, a price-to-earnings ratio of -0.23 and a beta of 1.25. The business has a fifty day moving average of $1.57 and a 200-day moving average of $1.72. Xcel Brands has a 52-week low of $0.74 and a 52-week high of $2.66.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Xcel Brands presently has an average rating of “Hold” and a consensus price target of $3.00.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Xcel Brands stock. DRW Securities LLC increased its holdings in shares of Xcel Brands, Inc (NASDAQ:XELB) by 98.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,434 shares of the textile maker’s stock after buying an additional 17,053 shares during the period. DRW Securities LLC owned about 0.58% of Xcel Brands worth $37,000 at the end of the most recent quarter. 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.