According to Zacks, “Xcel Brands, Inc. operates as a brand management company. It is focused on the acquisition, design, and licensing, marketing and retail sales of consumer brands including apparel, footwear, and sporting goods. The Company owns and manages the Isaac Mizrahi and Judith Ripka brands. Xcel operates through two segments, Design and Licensing, and Retail Business. The Design and licensing segment licenses its brands to third parties, provide certain design services, and generate royalty and design and service fee revenues through licensing and other agreements with wholesale manufacturers, sourcing and design companies, and retailers. The Retail Business segment operates bricks-and-mortar retail stores; and an e-commerce site under the Isaac Mizrahi Brands. Xcel Brands, Inc. is headquartered in New York. “
Separately, Wunderlich reaffirmed a buy rating and issued a $9.00 target price (down from $11.00) on shares of XCel Brands in a research report on Wednesday, August 10th.
XCel Brands (OTCMKTS:XELB) opened at 5.10 on Wednesday. XCel Brands has a 1-year low of $4.00 and a 1-year high of $8.25. The stock has a market cap of $76.89 million and a P/E ratio of 141.67. The stock has a 50 day moving average of $4.83 and a 200 day moving average of $5.41.
XCel Brands (OTCMKTS:XELB) last released its earnings results on Tuesday, August 9th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. Equities analysts anticipate that XCel Brands will post $0.37 EPS for the current fiscal year.
A hedge fund recently bought a new stake in XCel Brands stock. Mesirow Financial Investment Management Equity Management bought a new stake in shares of XCel Brands Inc (OTCMKTS:XELB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,441 shares of the company’s stock, valued at approximately $148,000. Mesirow Financial Investment Management Equity Management owned approximately 0.20% of XCel Brands as of its most recent filing with the SEC.
About XCel Brands
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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