A number of other analysts also recently weighed in on XELB. DA Davidson restated a buy rating on shares of XCel Brands in a research note on Monday, November 4th. Zacks Investment Research upgraded XCel Brands from a hold rating to a buy rating and set a $1.75 price target on the stock in a research note on Saturday, October 19th.
Shares of NASDAQ XELB traded up $0.08 during midday trading on Wednesday, hitting $1.61. 87,900 shares of the company’s stock were exchanged, compared to its average volume of 38,309. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.74 and a quick ratio of 1.65. XCel Brands has a twelve month low of $1.00 and a twelve month high of $3.50. The company has a market cap of $29.03 million, a PE ratio of 8.05 and a beta of 1.46. The firm’s fifty day simple moving average is $1.73 and its 200-day simple moving average is $1.72.
Institutional investors and hedge funds have recently bought and sold shares of the business. Legacy Advisors LLC boosted its position in XCel Brands by 1.4% during the second quarter. Legacy Advisors LLC now owns 565,725 shares of the textile maker’s stock worth $820,000 after purchasing an additional 8,000 shares in the last quarter. Weber Alan W boosted its position in XCel Brands by 125.0% during the second quarter. Weber Alan W now owns 90,000 shares of the textile maker’s stock worth $131,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in XCel Brands by 50.2% during the second quarter. Vanguard Group Inc. now owns 76,321 shares of the textile maker’s stock worth $111,000 after purchasing an additional 25,498 shares in the last quarter. Institutional investors own 8.07% 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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