Xcel Brands (XELB) Set to Announce Earnings on Thursday

Posted by Defense World Staff on May 17th, 2023

Xcel Brands (NASDAQ:XELB – Get Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, May 18th. Analysts expect Xcel Brands to post earnings of ($0.17) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Xcel Brands Stock Up 16.3 %

Shares of XELB stock opened at $0.77 on Wednesday. Xcel Brands has a 1-year low of $0.51 and a 1-year high of $1.99. The stock’s fifty day moving average price is $0.65 and its 200 day moving average price is $0.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 1.70. The company has a market cap of $15.11 million, a price-to-earnings ratio of -3.67 and a beta of 1.39.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Xcel Brands in a research report on Tuesday. They set a “sell” rating for the company.

Institutional Trading of Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Vanguard Group Inc. grew its stake in Xcel Brands, Inc. (NASDAQ:XELB – Get Rating) by 36.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 360,472 shares of the textile maker’s stock after buying an additional 95,997 shares during the quarter. Vanguard Group Inc. owned 1.84% of Xcel Brands worth $537,000 as of its most recent SEC filing. 16.92% of the stock is owned by hedge funds and other institutional investors.

Xcel Brands Company Profile

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XCel Brands, Inc engages in the design, production, marketing, wholesale, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods and other consumer products. It owns and manages Isaac Mizrahi, Judith Ripka, Halston, C Wonder, Longaberger, and Lori Goldstein brands.