Xcel Brands (NASDAQ:XELB) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note published on Sunday morning. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Price Performance

Xcel Brands stock traded up $0.00 during mid-day trading on Friday, reaching $0.65. 5,087 shares of the company were exchanged, compared to its average volume of 39,611. Xcel Brands has a 12 month low of $0.58 and a 12 month high of $1.98. The firm has a market cap of $15.18 million, a PE ratio of -0.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The company has a fifty day simple moving average of $0.67 and a 200-day simple moving average of $0.80.

Xcel Brands (NASDAQ:XELB) last issued its earnings results on Monday, May 20th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. The business had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. As a group, equities research analysts expect that Xcel Brands will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xcel Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Levin Capital Strategies L.P. bought a new position in shares of Xcel Brands during the 1st quarter worth approximately $86,000. Perritt Capital Management Inc. boosted its stake in Xcel Brands by 31.6% during the first quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after acquiring an additional 145,833 shares in the last quarter. AWM Investment Company Inc. acquired a new stake in Xcel Brands in the first quarter worth $600,000. Finally, Summit Trail Advisors LLC increased its stake in Xcel Brands by 32.5% in the first quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock valued at $1,749,000 after purchasing an additional 550,453 shares in the last quarter. 18.55% of the stock is owned by institutional investors and hedge funds.

Xcel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.