Xcel Brands’ (XELB) “Buy” Rating Reaffirmed at FBR & Co
Xcel Brands, Inc (NASDAQ:XELB)‘s stock had its “buy” rating reissued by investment analysts at FBR & Co in a research note issued to investors on Thursday. They currently have a $4.50 price objective on the textile maker’s stock, up from their previous price objective of $4.00. FBR & Co’s price objective would suggest a potential upside of 15.38% from the company’s previous close.
A number of other research analysts also recently issued reports on the company. ValuEngine upgraded Xcel Brands from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Zacks Investment Research upgraded Xcel Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 24th.
Xcel Brands (NASDAQ XELB) opened at 3.90 on Thursday. Xcel Brands has a 12-month low of $1.80 and a 12-month high of $5.59. The firm has a market capitalization of $61.86 million, a PE ratio of 31.71 and a beta of 0.66. The company has a 50-day moving average price of $3.29 and a 200-day moving average price of $3.16.
Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Tuesday, May 9th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.43 million for the quarter, compared to the consensus estimate of $8.70 million. On average, analysts predict that Xcel Brands will post $0.29 earnings per share for the current year.
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A hedge fund recently raised its stake 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 filing with the Securities and Exchange Commission. 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 3.22% of Xcel Brands worth $1,557,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 22.57% of the company’s stock.
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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