Xcel Brands, Inc (NASDAQ:XELB) posted its quarterly earnings data on Thursday. The textile maker reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01), Bloomberg Earnings reports. 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 during the quarter, compared to analyst estimates of $10.49 million.
Shares of Xcel Brands (XELB) traded down $0.04 on Friday, reaching $2.55. 6,500 shares of the company’s stock were exchanged, compared to its average volume of 19,285. 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 1 year low of $1.80 and a 1 year high of $5.05. The company has a market capitalization of $47.84, a price-to-earnings ratio of 51.80 and a beta of 0.61.
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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 value of $31,050.00. Following the sale, the director now owns 67,382 shares of the company’s stock, valued at $278,961.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 59.94% of the company’s stock.
Several brokerages have recently commented on XELB. FBR & Co reiterated a “buy” rating and set a $4.50 price target (up previously from $4.00) on shares of Xcel Brands in a research report on Thursday, August 10th. B. Riley reiterated a “buy” rating and set a $4.50 price target on shares of Xcel Brands in a research report on Friday.
Xcel Brands Company Profile
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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