Shares of XCel Brands Inc (NASDAQ:XELB) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus target price of $5.00 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned XCel Brands an industry rank of 49 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on the company. DA Davidson started coverage on XCel Brands in a report on Thursday, February 8th. They set a “buy” rating and a $5.00 price objective for the company. ValuEngine cut XCel Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, B. Riley reissued a “buy” rating and set a $4.50 price target on shares of XCel Brands in a research report on Friday, November 10th.
A hedge fund recently bought a new stake in XCel Brands stock. Legacy Advisors LLC purchased a new stake in shares of XCel Brands Inc (NASDAQ:XELB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 549,725 shares of the textile maker’s stock, valued at approximately $1,676,000. XCel Brands comprises about 2.1% of Legacy Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Legacy Advisors LLC owned 3.45% of XCel Brands as of its most recent filing with the Securities and Exchange Commission (SEC). 20.79% of the stock is currently owned by hedge funds and other institutional investors.
XCel Brands (NASDAQ:XELB) remained flat at $$3.10 during trading hours on Friday. The stock had a trading volume of 17,287 shares, compared to its average volume of 9,651. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $57.22, a P/E ratio of 22.29, a P/E/G ratio of 4.43 and a beta of 0.50. XCel Brands has a 1 year low of $1.80 and a 1 year high of $5.00.
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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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