Xcel Brands, Inc (NASDAQ:XELB) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a 1-year consensus price objective of $4.50 for the company, according to Zacks. Zacks has also given Xcel Brands an industry rank of 32 out of 265 based on the ratings given to related companies.

Several analysts recently commented on XELB shares. ValuEngine raised shares of Xcel Brands from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Zacks Investment Research raised shares of Xcel Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $4.00 target price on shares of Xcel Brands in a report on Tuesday, July 11th.

In other Xcel Brands news, Director Edward Jones III sold 7,500 shares of the business’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 completion of the sale, the director now owns 67,382 shares of the company’s stock, valued at approximately $278,961.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 62.20% of the company’s stock.

A hedge fund recently raised its stake in Xcel Brands stock. ARS Investment Partners LLC raised its position in shares of Xcel Brands, Inc (NASDAQ:XELB) by 15.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431,327 shares of the textile maker’s stock after buying an additional 58,883 shares during the period. ARS Investment Partners LLC owned about 2.79% of Xcel Brands worth $1,165,000 as of its most recent filing with the SEC. 17.26% of the stock is owned by institutional investors and hedge funds.

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Xcel Brands (NASDAQ:XELB) opened at 4.15 on Monday. Xcel Brands has a 1-year low of $1.80 and a 1-year high of $5.30. The stock has a 50 day moving average of $3.75 and a 200 day moving average of $3.19. The stock has a market cap of $66.16 million, a P/E ratio of 29.23 and a beta of 0.66.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Wednesday, August 9th. The textile maker reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by $0.01. The company had revenue of $8.37 million for the quarter. Xcel Brands had a return on equity of 0.99% and a net margin of 8.38%. Equities analysts anticipate that Xcel Brands will post $0.31 EPS for the current fiscal year.

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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