StockNews.com Begins Coverage on Xcel Brands (NASDAQ:XELB)

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

Xcel Brands Stock Performance

NASDAQ XELB opened at $0.70 on Friday. The firm has a market cap of $16.44 million, a price-to-earnings ratio of -0.64 and a beta of 1.42. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $0.67 and a 200-day moving average price of $0.85. Xcel Brands has a twelve month low of $0.58 and a twelve month high of $2.10.

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

Institutional Investors Weigh In On Xcel Brands

Hedge funds and other institutional investors have recently modified their holdings of the business. AWM Investment Company Inc. purchased a new position in Xcel Brands in the 1st quarter worth $600,000. Summit Trail Advisors LLC raised its stake in Xcel Brands by 32.5% in the 1st quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock worth $1,749,000 after acquiring an additional 550,453 shares during the last quarter. Perritt Capital Management Inc. raised its stake in Xcel Brands by 31.6% in the 1st 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 during the last quarter. Finally, Levin Capital Strategies L.P. purchased a new position in Xcel Brands in the 1st quarter worth $86,000. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

About Xcel Brands

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.