XCel Brands (XELB) Downgraded by ValuEngine

ValuEngine cut shares of XCel Brands (NASDAQ:XELB) from a sell rating to a strong sell rating in a research note released on Saturday, ValuEngine reports.

Separately, Zacks Investment Research downgraded XCel Brands from a hold rating to a sell rating in a report on Thursday, April 4th.

Shares of XELB opened at $1.42 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.48 and a quick ratio of 1.36. The company has a market capitalization of $27.24 million, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 0.60 and a beta of 1.42. XCel Brands has a 52-week low of $1.00 and a 52-week high of $3.15.

XCel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Thursday, March 28th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). The business had revenue of $9.95 million during the quarter, compared to analyst estimates of $7.60 million. XCel Brands had a net margin of 3.09% and a return on equity of 3.71%. On average, sell-side analysts predict that XCel Brands will post 0.24 EPS for the current fiscal year.

In other news, CEO Loren Robert W. D acquired 42,048 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average cost of $1.50 per share, with a total value of $63,072.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 49,711 shares of company stock valued at $75,593 over the last three months. Corporate insiders own 61.42% of the company’s stock.

An institutional investor recently bought a new position in XCel Brands stock. Deutsche Bank AG acquired a new stake in XCel Brands Inc (NASDAQ:XELB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 51,300 shares of the textile maker’s stock, valued at approximately $57,000. Deutsche Bank AG owned 0.28% of XCel Brands at the end of the most recent quarter. Institutional investors and hedge funds own 15.73% of the company’s stock.

XCel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands.

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