Xcel Brands’ (XELB) Buy Rating Reiterated at B. Riley

B. Riley restated their buy rating on shares of Xcel Brands, Inc (NASDAQ:XELB) in a research note published on Friday morning. They currently have a $4.50 target price on the stock. B. Riley also issued estimates for Xcel Brands’ Q3 2017 earnings at $0.10 EPS, Q4 2017 earnings at $0.07 EPS, FY2017 earnings at $0.21 EPS and FY2018 earnings at $0.38 EPS.

Separately, FBR & Co boosted their price target on shares of Xcel Brands from $4.00 to $4.50 and gave the company a buy rating in a report on Thursday, August 10th.

Xcel Brands (NASDAQ XELB) opened at $2.55 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.68 and a current ratio of 2.68. Xcel Brands has a fifty-two week low of $1.80 and a fifty-two week high of $5.05. The company has a market cap of $47.10, a price-to-earnings ratio of 19.62 and a beta of 0.61.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Xcel Brands had a net margin of 8.38% and a return on equity of 0.99%. The company had revenue of $7.89 million for the quarter, compared to analysts’ expectations of $10.49 million. sell-side analysts predict that Xcel Brands will post 0.21 earnings per share for the current year.

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In other news, Director Edward Jones III sold 7,500 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $4.14, for a total transaction of $31,050.00. Following the transaction, the director now directly owns 67,382 shares in the company, valued at approximately $278,961.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 59.94% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. lifted its stake in shares of Xcel Brands by 15.1% in the 2nd quarter. AWM Investment Company Inc. now owns 430,002 shares of the company’s stock valued at $1,312,000 after purchasing an additional 56,562 shares during the last quarter. ARS Investment Partners LLC lifted its stake in shares of Xcel Brands by 18.3% in the 2nd quarter. ARS Investment Partners LLC now owns 510,453 shares of the company’s stock valued at $1,557,000 after purchasing an additional 79,126 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Xcel Brands by 3.8% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 549,419 shares of the company’s stock valued at $1,676,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Legacy Advisors LLC acquired a new stake in shares of Xcel Brands in the 3rd quarter valued at $1,676,000. 17.26% of the stock is owned by institutional investors and hedge funds.

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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