XCel Brands (NASDAQ:XELB) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of XCel Brands (NASDAQ:XELB) from a strong sell rating to a sell rating in a research report sent to investors on Wednesday morning, ValuEngine reports.

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.

XCel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Wednesday, November 13th. The textile maker reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). XCel Brands had a net margin of 3.98% and a return on equity of 3.47%. The business had revenue of $10.93 million during the quarter. Equities analysts anticipate that XCel Brands will post 0.23 EPS for the current fiscal year.

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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