XCel Brands Inc(NASDAQ:XELB) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $6.915M. Analysts estimated a revenue of $9.100M. The revenues were -24.01% below the estimates. Earnings per share were $0.01. The reported EPS was below estimates by -75%. Analysts had estimated an EPS of $0.04.
XCel Brands Inc (XELB) shares turned negative on Fridays trading session with the shares closing down -0.3 points or -11.54% at a volume of 15,071. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.7. The peak price level was also seen at $2.7 while the days lowest was $2.3. Finally the shares closed at $2.3. The 52-week high of the shares is $6.7499 while the 52-week low is $2.3. According to the latest information available, the market cap of the company is $43 M.
Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, James Haran (Chief Financial Officer) sold 1,256 shares at $7.25 per share price.Also, On May 21, 2015, Capital Management Buckingham (10% owner) purchased 400,000 shares at $9.00 per share price.On Apr 10, 2015, Marisa Gardini (director) sold 100 shares at $8.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Xcel Brands Inc. (Xcel) is a brand development and media company. The Company is engaged in the design licensing marketing and retail sales of branded apparel footwear accessories jewelry and home goods and the acquisition of additional consumer lifestyle brands. Its brand portfolio includes the Isaac Mizrahi Brand the Ripka Brand the H by Halston and H Halston brands (H Halston Brands) the C Wonder Brand and the Liz Claiborne New York brand (LCNY Brand). It manages and designs the Liz Claiborne New York brand which is sold through QVC a direct-response television and e-commerce retailer. The Company’s business includes in-house designers and marketing executives who work with its licensees to help design and promote each brand within its respective distribution channels. Xcel markets and promotes its brands through direct-response television Internet and traditional retail distribution channels.