Xcel Brands (NASDAQ:XELB) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELBFree Report) in a report released on Friday. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Up 0.9 %

Shares of XELB opened at $1.08 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Xcel Brands has a 12 month low of $0.51 and a 12 month high of $2.10. The stock’s 50 day moving average is $1.30 and its two-hundred day moving average is $1.25. The firm has a market cap of $21.47 million, a P/E ratio of -1.05 and a beta of 1.57.

Xcel Brands (NASDAQ:XELBGet Free Report) last released its earnings results on Monday, November 20th. The textile maker reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The firm had revenue of $2.64 million during the quarter, compared to analysts’ expectations of $3.24 million. Xcel Brands had a negative net margin of 103.58% and a negative return on equity of 23.47%. During the same quarter last year, the business earned ($0.17) EPS. Analysts predict that Xcel Brands will post -0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xcel Brands

Several hedge funds and other institutional investors have recently made changes to their positions in XELB. Mariner LLC purchased a new position in Xcel Brands during the third quarter worth approximately $42,000. Perritt Capital Management Inc. lifted its position in Xcel Brands by 14.1% during the second quarter. Perritt Capital Management Inc. now owns 506,025 shares of the textile maker’s stock worth $886,000 after buying an additional 62,353 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Xcel Brands by 36.3% during the first quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock worth $537,000 after buying an additional 95,997 shares in the last quarter. Hedge funds and other institutional investors own 17.50% of the company’s stock.

Xcel Brands Company Profile

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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, and other brands, as well as manages the Longaberger brand.

Further Reading

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