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Tag: XELB

  • Xcel Brands, Inc. (XELB) stock rose after the announcement of third quarter results

    The stock of Xcel Brands, Inc. (XELB) saw a rise of 11.27% in the Pre-market to reach at $1.58 at the time of this writing. Previously the stock closed at $1.42 in the market. The volume of shares traded was 1.37 million. The main reason of this increase in the value of its share could link to its recently announced financial results of its third quarter.

    Financial highlights of 3rd quarter:

    • The revenue of the third quarter was reported to be $11.3 million. This is an increase of $3.9 million or 52% with respect to the previous year’s same quarter. The Xcel Brands, Inc. (XELB) reports that the increase was seen due to the higher net wholesales and direct Business to Consumer (B2C) sales and higher licensing sales of almost $2.3 and $1.6 Million respectively.
    • Xcel Brands, Inc. (XELB) reported a net loss $1.1 million. The net loss in the previous year same quarter was $0.4 million.
    • The net loss per share in this quarter was ($0.05) and prior year this loss was ($0.02).
    • The adjusted EBITDA of Xcel Brands, Inc. (XELB) was approx. $1.0 million and $1.4 million for the third quarter and the 3rd quarter of 2020, respectively.

    Major milestones achieved in the third quarter:

    • The increase in the net wholesale and direct Business to Consumer (B2C) sales was witnessed.
    • Direct Business to Consumer (B2C) sales saw a growth of 150% across their Longaberger and Judith Ripka brands.
    • The wholesale apparel business saw a growth of approximately 56%.
    • The wholesale jewelry business witnessed a massive growth of 400%.

    Balance sheet of Xcel Brands, Inc. (XELB):

    • The balance sheet of Xcel Brands, Inc. (XELB) was seen to appear strong. Its stockholders equity summed to a total of approx. $81 Million. Their cash and cash equivalents were almost $4.0 million.
    • As of 30th September, 2021 the working capital was $8.9 million.
    • The total debt on revolving credit facility was reported to be $25.2 million.

    Conclusion:

    The announcement of the results of their third quarter brought an impact on the stock of Xcel Brands, Inc. (XELB). This impact seems to be there for upcoming days on stock of Xcel Brands, Inc. (XELB). Investors will be keeping an eye on the fluctuations of its stock trend in the near future. Although there are no significant news by Xcel Brands, Inc. (XELB) which could have an important impact on its stock.

  • Why Xcel Brands Inc. (XELB) stock turnaround in Tuesday’s after-market?

    Why Xcel Brands Inc. (XELB) stock turnaround in Tuesday’s after-market?

    Xcel Brands Inc. (XELB) stock started Tuesday, June 15, 2021, trading by losing 10.82% and close the session at $2.06 per share. in the after-hours XELB stock gained 15.54% and close the day at $2.38 per share. XELB shares have risen 100.00% over the last 12 months, and they have moved down 12.71% in the past week. Over the past three months, the stock has gained 7.85%, while over the past six months, it has jumped 98.08%.

    Inauguration on Russell Microcap Index

    On June 11, 2021, Xcel Brands, Inc announced to join the Russell Microcap® Index after the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, according to a preliminary list of additions posted June 4, 2021.

    New appointments

    On June 1, 2021, Xcel Brands, Inc appointed Heather Bogen as the President of Wholesale Apparel. Bogen will support Xcel Brands’ successful acquisition of dynamic consumer lifestyle brands through her extensive expertise in the fashion industry.

    Recent financial results

    OnMay 17, 2021, Xcel Brands, Inc released its financial results for the first quarter ended March 31, 2021.

    Q1 2021 financial highlights

    • Total revenue was $7.8 million for Q1 2021, compared to $9.5 million for Q1 2020.
    • Gross profit was $5.9 million in Q1 2021 compared to $7.1 million in Q1 2020.
    • For Q1 2021, net loss attributable to Xcel Brands was approximately $2.5 million, or $0.13 per diluted share compared with a net loss of $0.8 million, or $0.04 per diluted share, for the prior-year quarter.
    • Adjusted EBITDA was approximately $0.9 million for Q1 2021 compared to $0.7 million for the prior year quarter.
    • As of March 31, 2021, the company had cash and cash equivalents of approximately $3.0 million, and working capital, exclusive of the current portion of lease obligations, of approximately $6.5 million. 

    FY 2020 financial results

    On April 21, 2021, Xcel Brands, Inc released its financial results for the fourth quarter ended December 31, 2020.

    FY 2020 financial highlights

    • For FY 2020, total revenue was $29.4 million compared to $41.73 million for FY 2019.
    • Net loss attributable to Xcel Brands was approximately $12.9 million, or $0.68 per diluted share in FY 2020, compared with a net loss of $3.4 million, or $0.18 per diluted share, in FY 2019.
    • Adjusted EBITDA was approximately $4.1 million for FY 2020 compared to $7.1 million for the prior year.
    • As of December 31, 2020, the company had cash and cash equivalents of approximately $5.0 million, and working capital, exclusive of the current portion of lease obligations, of approximately $7.9 million. 

    Conclusion

    Well, as of this writing there is no reason which could justify its turnaround on Tuesday. We hope that XELB will continue its positive momentum in the remaining week.

  • Early Morning Vibes: 4 Stocks We Like for Monday…

    Early Morning Vibes: 4 Stocks We Like for Monday…

    The American stock markets could not be fired ahead last week. The results were limited and as you can see on the graph below, the S&P 500 continued to stabilize at around 3900 points. On Friday, the broad-based index closed 0.19% lower at 3,906 points and the Nasdaq was up 0.07% the day at 13,874 points.

    Investors are clearly waiting for new impulses but are also awaiting developments in the bond markets. Inflation expectations are increasing rapidly, and interest rates are also rising. The market now seems somewhat concerned that central banks will have to reduce the support measures or even raise interest rates sooner than expected. Finance minister Janet Yellen, however, said on Friday that governments must come up with a large package of support to revive economic growth.

    Currently, futures in New York are up to 1 percent lower. The European stock markets are also following the red figures. The decline again appears to be a direct result of rising interest rates. Furthermore, China yesterday asked the US to lift tariffs and other trade sanctions. China’s Foreign Minister continues to push for better US-China partnerships on technological progress. It remains to be seen how Joe Biden will react to the proposal, after his predecessor Trump just imposed strict measures.

    Meanwhile, Gold prices have been under pressure for several weeks, but on Friday even the support seemed to break at $ 1,764 (bottom November 30). However, the fear of rising interest rates is positive for gold and the price recovered. But watch out; higher interest rates are not good for gold, but the turmoil in the markets is. This morning, the gold price is at least 0.51% higher at $ 1792, but the danger is not over yet. The gold price is in a downward trend channel. A break above the last market stop at around $ 1,860 is necessary for technical improvement.

    Today Top Movers‎‎

    ‎Xcel Brands Inc. (XELB), an apparel manufacturing company, rose about 44.91% at ‎‎$2.92 in pre-market trading Monday.‎‎‎ ‎

    ‎China SXT Pharmaceuticals Inc. (SXTC) stock soared 280.89% to $2.99 in the pre-market trading. The company recently declared that a 1 for 4 reverse split of its ordinary shares was approved by the Company’s board of directors on January 23, 2021 and is expected to become effective on February 19, 2021.‎‎ ‎

    ‎ReTo Eco-Solutions Inc. (NASDAQ: RETO) shares are trading up 116.1% at $2.55 at the time of writing. ‎‎ ‎

    ‎RealNetworks Inc. (RNWK) grew over 12.68% at $4.0 in pre-market trading today.‎

    Top Upgrades & Downgrades

    KeyBanc turned bullish on AvalonBay Communities Inc. (AVB), upgrading the stock to “Overweight” and assigning a $200.0 price target, representing a potential downside of 12.25% from Friday’s close. 

    Marathon Petroleum Corporation (MPC) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $67. 

    JetBlue Airways Corporation (JBLU) received an upgrade from analysts at Deutsche Bank, who also set their one-year price target on the stock to $21. They changed their rating on JBLU to Buy from Hold in a recently issued research note.

    Earlier Monday KeyBanc reduced its rating on Camden Property Trust (CPT) stock to Sector Weight from Overweight. 

    Kansas City Capital analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Valmont Industries Inc. (VMI) has been changed to Perform from Outperform. 

    Analysts at RBC Capital downgraded AngloGold Ashanti Limited (AU)’s stock to Sector Perform from Outperform Monday.

    Latest Insider Activity

    Palantir Technologies Inc. (PLTR) Director THIEL PETER announced the sale of shares taking place on Feb 18 at $25.23 for some 20,003,915 shares. The total came to more than $504.78 million. 

    Tesla Inc. (TSLA) Chief Financial Officer Kirkhorn Zachary sold on Feb 17 a total of 55,007 shares at $778.17 on average. The insider’s sale generated proceeds of almost $0.97 million. 

    Onconova Therapeutics Inc. (ONTX) SVP Corp Dev & Gen Counsel OLER ABRAHAM N. declared the purchase of shares taking place on Feb 16 at $1.00 for some 12,000 shares. The transaction amount was around $12000.0. 

    JMP Group LLC (JMP) Possible Member of 10% Group WEDBUSH SECURITIES INC bought on Feb 11 a total of 2,019,000 shares at $4.74 on average. The purchase cost the insider an estimated $920.

    Important Earnings

    Top US earnings releases scheduled for today include Marathon Oil Corporation (NYSE: MRO). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.2 per share from revenues of $838.05M in the three-month period. 

    Analysts expect Occidental Petroleum Corporation (NYSE: OXY) to report a net income (adjusted) of -$0.59 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $4.37B. 

    Invesco Mortgage Capital Inc. (IVR), due to announce earnings after the market closes today, is expected to report earnings of $0.06 per share from revenues of $29.16M recently concluded three-month period.

  • 20 Trending Stocks In Apparel Manufacturing Industry To Watch In 2020

    20 Trending Stocks In Apparel Manufacturing Industry To Watch In 2020

    The global apparel manufacturing industry continues to grow in the coming years as new trends are emerging in the market. Apparel Manufacturers can compete on both price and fashion. Those companies which have a competitive edge are those that can successfully fulfill the needs of their customers. Fashion evolves constantly and the same is the case with the apparel industry. This industry is also changing with the emergence of new apparel manufacturing technology.

    Advancements in apparel manufacturing technology enable manufacturers to meet the needs of their clients. COVID-19 pandemic has badly impacted this industry. The world is going through a tough time. The growth of the apparel manufacturing industry is dependent on the demands of customers and the demands are related to disposable income. and the well-being of the economy. But the pandemic has affected the economy of every country all around the world.

    Check out these leading companies in the apparel manufacturing industry to see how they are following new trends to cater to the needs of their customers:

    Naked Brand Group Limited (NASDAQ: NAKD)

    Naked Brand Group Limited (NASDAQ: NAKD) shares were trading down -8.92% at $0.12 at the time of writing on Tuesday. Naked Brand Group Limited (NASDAQ: NAKD) share price went from a low point around $0.10 to briefly over $4.80 in the past 52 weeks, though shares have since pulled back to $0.12.

    Naked Brand Group Limited (NAKD) has disclosed that it has got a letter from the Listing Qualifications Department of The Nasdaq Capital Market informing the Company that it has regained compliance with minimum stockholder’s equity requirement for continued listing on Nasdaq. NAKD market cap has remained high, hitting $11.84M at the time of writing, giving it a price-to-sales ratio of more than 0.

    Hanesbrands Inc. (NYSE: HBI)

    Hanesbrands Inc. (NYSE: HBI) stock drop by -1.45% to $17.02 after College Students Explore the Final Steps of Making a T-shirt Responsibly in Episode 6 of “Crop to Campus” Minidocumentary. The most recent rating by Barclays, on July 31, 2020, is at an Overweight. Hanesbrands Inc. (HBI) has moved up 144.54% from its 52-weeks low and moved down -1.79% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.00. It has a total market capitalization of $5.84 billion at the time of writing.

    Levi Strauss & Co. (NYSE: LEVI)

    Levi Strauss & Co. (NYSE: LEVI) last closed at $15.64, in a 52-week range of $9.09 to $20.70. Analysts have a consensus price target of $18.70. Levi Strauss & Co. (LEVI) has disclosed that it is planning to expand its retail footprint and forecast a smaller-than-expected decline in current-quarter revenue after surging online sales helped the denim maker post a surprise profit. This company market cap has remained high, hitting $6.35 billion at the time of writing.

    PVH Corp. (NYSE: PVH)

    PVH Corp. (NYSE: PVH) shares headed falling, lower as much as -4.65%. The most recent rating by Barclays, on October 07, 2020, is at an Underweight. PVH Europe, the global headquarters of Tommy Hilfiger and the European offices of Calvin Klein, both owned by PVH Corp., revealed the installation of what is believed to be the world’s most powerful currently operational solar roof at its state-of-the-art Warehouse and Logistics Center in Venlo, the Netherlands.

    Canada Goose Holdings Inc. (NYSE: GOOS)

    Canada Goose Holdings Inc. (NYSE: GOOS) last closed at $34.55, in a 52-week range of $12.94 to $45.09. Analysts have a consensus price target of $32.90. Canada Goose Holdings Inc. (GOOS) and actor, producer, and entrepreneur, Ryan Reynolds revealed the donation of more than 300 Canada Goose parkas and Baffin footwear to outfit the students of Inuujaq School in Arctic Bay, Nunavut.

    Kontoor Brands Inc. (NYSE: KTB)

    Kontoor Brands Inc. (NYSE: KTB) shares headed rising, higher as much as 1.28%. The most recent rating by Barclays, on October 07, 2020, is at an Overweight. Kontoor Brands Inc. (KTB) earlier announced that the company is planning to release the third quarter 2020 financial results on Thursday, October 29, 2020. It has moved up 114.34% from its 52-weeks low and moved down -36.02% from its 52-weeks high. Under Armour has a total market capitalization of $1.55 billion at the time of writing.

    Under Armour Inc. (NYSE: UAA)

    Under Armour Inc. (NYSE: UAA) last closed at $12.82, in a 52-week range of $7.15 to $21.96. Analysts have a consensus price target of $10.43. Under Armour Inc. (UAA) has moved up 79.30% from its 52-weeks low and moved down -41.62% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.90. Under Armour has a total market capitalization of $5.46 billion at the time of writing.

    Iconix Brand Group Inc. (NASDAQ: ICON)

    Iconix Brand Group Inc. (NASDAQ: ICON) stock drop by -23.30% to $0.79. The most recent rating by ROTH Capital, on October 31, 2017, is at a Neutral. Iconix Brand Group Inc. (ICON) share has fluctuated between the 52-weeks low range of $0.51 and a high range of $2.75. It has moved up 55.76% from its 52-weeks low and moved down -71.27% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.10. Under Armour has a total market capitalization of $9.46 million at the time of writing.

    Capri Holdings Limited (NYSE: CPRI)

    Capri Holdings Limited (NYSE: CPRI) shares headed falling, lower as much as -4.71%. The most recent rating by Morgan Stanley, on September 21, 2020, is at an Overweight. Capri Holdings Limited (CPRI) share price went from a low point around $5.42 to briefly over $39.90 in the past 52 weeks, though shares have since pulled back to $20.62. It has traded up 280.44% from its 52-weeks low and moved down -48.32% from its 52-weeks high.

    Under Armour Inc. (NYSE: UA)

    Under Armour Inc. (NYSE: UA) rose 0.45% after gaining more than $0.05 on Tuesday. Under Armour Inc. share has fluctuated between the 52-weeks low range of $6.37 and a high range of $19.65. It has moved up 74.41% from its 52-weeks low and moved down -43.46% from its 52-weeks high. Under Armour has a total market capitalization of $5.02 billion at the time of writing.

    V.F. Corporation (NYSE: VFC)

    V.F. Corporation (NYSE: VFC) fall -1.35% after losing more than -$1.05 on Tuesday. V.F. Corporation (VFC) share price went from a low point around $45.07 to briefly over $100.25 in the past 52 weeks, though shares have since pulled back to $76.82. It has traded up 70.45% from its 52-weeks low and moved down -23.37% from its 52-weeks high.

    Ralph Lauren Corporation (NYSE: RL)

    Ralph Lauren Corporation (NYSE: RL) stock drop by -1.89% to $72.25. The most recent rating by Barclays, on October 07, 2020, is at an Equal-weight. Ralph Lauren Corporation (RL) share has fluctuated between the 52-weeks low range of $59.82 and a high range of $128.29. It has moved up 20.78% from its 52-weeks low and moved down -43.68% from its 52-weeks high. Under Armour has a total market capitalization of $5.31 billion at the time of writing.

    Gildan Activewear Inc. (NYSE: GIL)

    Gildan Activewear Inc. (NYSE: GIL) fall -0.04% after losing more than -$0.01 on Tuesday. Gildan Activewear Inc. (GIL) share price went from a low point around $9.42 to briefly over $35.59 in the past 52 weeks, though shares have since pulled back to $22.64. It has traded up 140.34% from its 52-weeks low and moved down -36.39% from its 52-weeks high.

    Xcel Brands Inc. (NASDAQ: XELB)

    Xcel Brands Inc. (NASDAQ: XELB) last closed at $0.78, in a 52-week range of $0.40 to $1.94. Xcel Brands Inc. share has fluctuated between the 52-weeks low range of $0.40 and a high range of $1.94. It has moved up 95.72% from its 52-weeks low and moved down -59.64% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.80. XELB has a total market capitalization of $14.69 million at the time of writing.

    Lakeland Industries Inc. (NASDAQ: LAKE)

    Lakeland Industries Inc. (NASDAQ: LAKE) stock soar by 0.04% to $23.93. The most recent rating by The Benchmark Company, on June 09, 2020, is at a Buy. Lakeland Industries Inc. (LAKE) share price went from a low point around $9.97 to briefly over $28.00 in the past 52 weeks, though shares have since pulled back to $23.93. It has traded up 140.06% from its 52-weeks low and moved down -14.54% from its 52-weeks high.

    Columbia Sportswear Company (NASDAQ: COLM)

    Columbia Sportswear Company (NASDAQ: COLM) shares headed falling, lower as much as -0.63%. The most recent rating by UBS, on October 12, 2020, is at a Neutral. Columbia Sportswear Company (COLM) has moved up 79.45% from its 52-weeks low and moved down -9.61% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 3.00. COLM has a total market capitalization of $6.06 billion at the time of writing.

    KBS Fashion Group Limited (NASDAQ: KBSF)

    KBS Fashion Group Limited (NASDAQ: KBSF) fall -1.82% after losing more than -$0.04 on Tuesday. KBS Fashion Group Limited (KBSF) share price went from a low point around $0.95 to briefly over $4.45 in the past 52 weeks, though shares have since pulled back to $2.16. It has traded up 127.37% from its 52-weeks low and moved down -51.46% from its 52-weeks high.

    Sequential Brands Group Inc. (NASDAQ: SQBG)

    Sequential Brands Group Inc. (NASDAQ: SQBG) last closed at $5.12, in a 52-week range of $4.11 to $24.80. Sequential Brands Group Inc. (SQBG) has moved up 24.51% from its 52-weeks low and moved down -79.35% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.50. SQBG has a total market capitalization of $8.35 Million at the time of writing.

    Delta Apparel Inc. (AMEX: DLA)

    Delta Apparel Inc. (AMEX: DLA) stock soar by 7.00% to $17.74. The most recent rating by ROTH Capital, on August 01, 2019, is at a Buy. Delta Apparel Inc. (DLA) share price went from a low point around $7.53 to briefly over $31.71 in the past 52 weeks, though shares have since pulled back to $17.74. It has traded up 135.53% from its 52-weeks low and moved down -44.06% from its 52-weeks high.

    Oxford Industries Inc. (NYSE: OXM)

    Oxford Industries Inc. (NYSE: OXM) shares headed falling, lower as much as -1.23%. The most recent rating by Telsey Advisory Group, on September 04, 2020, is at a Market perform.

  • High Potential Stocks to Watch Despite Weak Market Sentiment

    High Potential Stocks to Watch Despite Weak Market Sentiment

    It’s a weak start to the markets as investors await weak labor data from the labor department. Investors are also digesting the cautious data from the Federal Reserve about the economy. Members of the Federal Open Markets Committee are in agreement that the current health crisis could continue to weigh heavily on the U.S economy including on employment and inflation.

    The Federal Reserve was also in agreement that the pandemic would pose a risk to the economy in the near-term. This has created an element of uncertainty in the markets, raising fears that equities could be highly overvalued at the moment. Despite the dampened mood, there are stocks that are doing well this morning and have the potential to do well all through the day. Some of the stocks that posed for major gains in the day are as below:

    OpGen Inc [NASDAQ: OPGN]

    OpGen Inc has started the day on a high note and continues the momentum that started earlier in the day. This follows the company’s announcement that its German subsidiary has received certification for its COVID-19 test kit.

    Commenting on the development, CEO Oliver Schacht stated that the launch of this product as part of the company’s commitment to supporting its customers and distributors of COVID-19 test kits. The COVID-19 pandemic continues to ravage the world economy and testing is one of the ways that the pandemic is being tackled. In essence, by advancing its testing tools in the EU market, the company is uniquely positioned for growth.

    AirNet Technology Inc [NASDAQ: ANTE]

    This is another big mover this morning and started, gaining upside momentum in pre-market trading. The stock’s strong gains follow the company’s announcement that it had got a capital injection from Dragonpass Co.Ltd. The agreement between the two companies stated that the investment would be in installments and that the next installment would be around RMB 20 million.

    CEO, Herman Guo stated that the company was happy with the investment and that it would use it to fuel growth, and open new opportunities. Given that the markets are currently choppy due to the COVID-19 pandemic, a capital injection is likely to keep investor interest in this stock high all through the day.

    Xcel Brands Inc [NASDAQ: XELB]

    Xcel Brands Inc is another top performer this morning. This comes after the company released impressive  Q2 results. The company reported that it had improved its balance sheet in the quarter and that it was still on track to cut on expenses. Despite the COVID-19 pandemic, the company announced that it maintained positive cash flows in the quarter. This is likely to keep the stock gaining all through the day.