Xcel Brands (NASDAQ:XELB) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Xcel Brands (NASDAQ:XELB) announced its quarterly earnings results on Thursday. The textile maker reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.02), Zacks reports. The company had revenue of $1.12 million during the quarter, compared to analysts’ expectations of $1.80 million. Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 102.93%.

Xcel Brands Stock Performance

Shares of Xcel Brands stock traded down $0.12 during trading on Friday, hitting $0.94. 72,383 shares of the company’s stock were exchanged, compared to its average volume of 48,163. The stock has a market capitalization of $5.69 million, a price-to-earnings ratio of -0.28 and a beta of 1.25. The business has a 50-day simple moving average of $1.53 and a 200-day simple moving average of $1.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.58 and a current ratio of 0.58. Xcel Brands has a 52-week low of $0.74 and a 52-week high of $2.66.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. One equities 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 currently has an average rating of “Hold” and a consensus price target of $3.00.

Institutional Trading of Xcel Brands

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 fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,434 shares of the textile maker’s stock after acquiring an additional 17,053 shares during the period. DRW Securities LLC owned approximately 0.58% of Xcel Brands worth $37,000 as of its most recent SEC filing. Hedge funds and other 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.