Zacks: XCel Brands Inc (XELB) Given $5.00 Consensus Price Target by Brokerages
Shares of XCel Brands Inc (NASDAQ:XELB) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $5.00 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also given XCel Brands an industry rank of 51 out of 255 based on the ratings given to its competitors.
XELB has been the topic of several recent research reports. Zacks Investment Research lowered XCel Brands from a “buy” rating to a “hold” rating in a report on Sunday, July 8th. DA Davidson reiterated a “buy” rating on shares of XCel Brands in a report on Friday, August 10th. Finally, ValuEngine lowered XCel Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th.
XCel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Thursday, August 9th. The textile maker reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $8.26 million for the quarter, compared to analyst estimates of $8.81 million. XCel Brands had a positive return on equity of 3.54% and a negative net margin of 29.91%. On average, equities analysts forecast that XCel Brands will post 0.18 earnings per share for the current fiscal year.
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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