XCel Brands Inc (NASDAQ:XELB) has received an average broker rating score of 0.00 () from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $6.80 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given XCel Brands an industry rank of 235 out of 265 based on the ratings given to its competitors.
A number of large investors have recently made changes to their positions in XELB. State of New Jersey Common Pension Fund D boosted its stake in shares of XCel Brands by 2.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 515,419 shares of the company’s stock worth $2,541,000 after buying an additional 13,800 shares during the period. Mesirow Financial Investment Management Equity Management boosted its stake in shares of XCel Brands by 101.3% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 59,251 shares of the company’s stock worth $292,000 after buying an additional 29,810 shares during the period. Finally, Kellner Capital LLC boosted its stake in shares of XCel Brands by 1.6% in the third quarter. Kellner Capital LLC now owns 43,624 shares of the company’s stock worth $218,000 after buying an additional 706 shares during the period.
XCel Brands (NASDAQ:XELB) traded up 2.17% during midday trading on Monday, reaching $2.35. The company had a trading volume of 9,352 shares. The firm has a market capitalization of $36.36 million and a price-to-earnings ratio of 16.55. XCel Brands has a 12-month low of $2.30 and a 12-month high of $6.75. The stock’s 50 day moving average is $3.97 and its 200 day moving average is $4.52.
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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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