Xcel Brands, Inc (NASDAQ:XELB - Get Free Report) CEO Loren Robert D bought 12,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average price of $0.87 per share, for a total transaction of $10,440.00. Following the acquisition, the chief executive officer directly owned 775,216 shares in the company, valued at approximately $674,437.92. This trade represents a 1.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Xcel Brands Stock Up 6.2%
Xcel Brands stock opened at $0.86 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.28 and a quick ratio of 0.28. Xcel Brands, Inc has a fifty-two week low of $0.62 and a fifty-two week high of $2.66. The firm has a fifty day moving average price of $1.38 and a two-hundred day moving average price of $1.68. The firm has a market cap of $5.64 million, a price-to-earnings ratio of -0.25 and a beta of 1.25.
Xcel Brands (NASDAQ:XELB - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.02). The business had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.80 million. Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. As a group, analysts forecast that Xcel Brands, Inc will post -1.41 earnings per share for the current year.
Institutional Trading of Xcel Brands
Hedge funds and other institutional investors have recently bought and sold shares of the stock. DRW Securities LLC grew its position in Xcel Brands by 98.1% in the 4th quarter. DRW Securities LLC now owns 34,434 shares of the textile maker's stock worth $37,000 after purchasing an additional 17,053 shares during the last quarter. Potomac Capital Management Inc. acquired a new position in shares of Xcel Brands during the fourth quarter valued at about $441,000. Finally, Citadel Advisors LLC acquired a new position in shares of Xcel Brands during the third quarter valued at about $88,000. 18.55% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Xcel Brands from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $3.00.
Read Our Latest Stock Analysis on Xcel Brands
About Xcel Brands
(
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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