Key Points
- CEO Loren Robert D bought 81,466 shares on Dec. 17 at an average price of $1.17, increasing his ownership by 13.45% to 687,297 shares (about $804,137), according to an SEC filing.
- The company reported a large quarterly loss (EPS -$2.02 vs. -$0.93 expected), with a negative net margin of 437% and negative ROE, and has a very small market cap of roughly $5.7 million.
- Citadel Advisors opened a position of 49,841 shares (~$88,000) and institutions own 18.55% of the stock, while analysts remain mixed with a consensus "Hold" and a $3.00 price target.
Xcel Brands, Inc (NASDAQ:XELB - Get Free Report) CEO Loren Robert D bought 81,466 shares of Xcel Brands stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average price of $1.17 per share, for a total transaction of $95,315.22. Following the completion of the acquisition, the chief executive officer owned 687,297 shares in the company, valued at approximately $804,137.49. The trade was a 13.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Xcel Brands Stock Up 8.1%
Shares of NASDAQ:XELB opened at $1.20 on Friday. The company has a 50-day moving average price of $1.20 and a 200 day moving average price of $1.46. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.55. Xcel Brands, Inc has a 12 month low of $0.74 and a 12 month high of $7.40. The company has a market cap of $5.71 million, a price-to-earnings ratio of -0.15 and a beta of 0.97.
Xcel Brands (NASDAQ:XELB - Get Free Report) last posted its quarterly earnings data on Wednesday, November 19th. The textile maker reported ($2.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($1.09). The company had revenue of $1.12 million during the quarter, compared to the consensus estimate of $1.24 million. Xcel Brands had a negative net margin of 437.09% and a negative return on equity of 51.46%. As a group, equities research analysts predict that Xcel Brands, Inc will post -0.23 earnings per share for the current year.
Hedge Funds Weigh In On Xcel Brands
An institutional investor recently bought a new position in Xcel Brands stock. Citadel Advisors LLC bought a new position in Xcel Brands, Inc (NASDAQ:XELB - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on XELB shares. Maxim Group assumed coverage on shares of Xcel Brands in a research report on Tuesday, September 23rd. They set a "buy" rating and a $3.00 price objective on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Xcel Brands in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.00.
Check Out Our Latest Analysis on Xcel Brands
Xcel Brands Company Profile
(
Get Free Report)
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.
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