Xcel Brands (NASDAQ:XELB) Shares Down 3.7% – Here’s Why

Xcel Brands, Inc (NASDAQ:XELB) traded down 3.7% during trading on Monday . The company traded as low as $1.5450 and last traded at $1.56. 21,203 shares changed hands during trading, a decline of 41% from the average session volume of 36,229 shares. The stock had previously closed at $1.62.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Xcel Brands in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $3.00.

Xcel Brands Stock Down 3.7%

The firm has a fifty day simple moving average of $1.28 and a 200 day simple moving average of $1.34. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $9.19 million, a PE ratio of -0.20 and a beta of 1.00.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Wednesday, November 19th. The textile maker reported ($2.02) earnings per share for the quarter, missing the consensus estimate of ($0.93) by ($1.09). Xcel Brands had a negative return on equity of 51.46% and a negative net margin of 437.09%.The company had revenue of $1.12 million for the quarter, compared to analysts’ expectations of $1.24 million. Equities research analysts predict that Xcel Brands, Inc will post -0.23 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Loren Robert W. D purchased 81,466 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were bought at an average price of $1.17 per share, for a total transaction of $95,315.22. Following the acquisition, the chief executive officer directly owned 687,297 shares in the company, valued at $804,137.49. This trade represents a 13.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 181,466 shares of company stock worth $130,315 over the last quarter. Company insiders own 29.47% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Xcel Brands stock. Citadel Advisors LLC acquired a new stake in shares of Xcel Brands, Inc (NASDAQ:XELB) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned 1.05% of Xcel Brands as of its most recent SEC filing. Hedge funds and other institutional investors own 18.55% of the company’s stock.

Xcel Brands Company Profile

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.