Xcel Brands (NASDAQ:XELB) Coverage Initiated at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report issued on Tuesday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Performance

Xcel Brands stock opened at $0.64 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The stock has a market cap of $15.03 million, a price-to-earnings ratio of -0.59 and a beta of 1.42. The firm has a 50 day simple moving average of $0.69 and a 200-day simple moving average of $0.93. Xcel Brands has a 1-year low of $0.58 and a 1-year high of $2.10.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Monday, May 20th. The textile maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The firm had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. On average, analysts expect that Xcel Brands will post -0.25 EPS for the current year.

Institutional Investors Weigh In On Xcel Brands

A number of hedge funds have recently added to or reduced their stakes in XELB. Levin Capital Strategies L.P. acquired a new stake in shares of Xcel Brands in the 1st quarter valued at $86,000. Perritt Capital Management Inc. raised its holdings in shares of Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after purchasing an additional 145,833 shares in the last quarter. AWM Investment Company Inc. acquired a new stake in shares of Xcel Brands in the 1st quarter valued at $600,000. Finally, Summit Trail Advisors LLC raised its holdings in shares of 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 valued at $1,749,000 after purchasing an additional 550,453 shares in the last quarter. 18.55% of the stock is currently owned by institutional investors and hedge funds.

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.