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

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report report published on Saturday. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Trading Up 1.4 %

Shares of XELB opened at $0.69 on Friday. Xcel Brands has a 1 year low of $0.58 and a 1 year high of $2.10. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $0.68 and a 200-day simple moving average of $0.82. The stock has a market cap of $16.22 million, a PE ratio of -0.63 and a beta of 1.41.

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

Hedge Funds Weigh In On Xcel Brands

A number of hedge funds have recently modified their holdings of XELB. Summit Trail Advisors LLC increased its holdings in Xcel Brands by 32.5% during 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. Perritt Capital Management Inc. boosted its position 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 worth $473,000 after purchasing an additional 145,833 shares during the last quarter. AWM Investment Company Inc. bought a new position in Xcel Brands during the first quarter worth about $600,000. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of Xcel Brands in the 1st quarter valued at about $86,000. 18.55% of the stock is 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.