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

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

Xcel Brands Price Performance

Shares of NASDAQ XELB opened at $0.70 on Friday. The business’s 50 day moving average is $0.67 and its 200-day moving average is $0.82. The firm has a market cap of $16.44 million, a P/E ratio of -0.64 and a beta of 1.41. 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.

Xcel Brands (NASDAQ:XELB) last announced 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 net margin of 156.27% and a negative return on equity of 21.92%. The firm had revenue of $2.18 million for the quarter, compared to analyst estimates of $2.20 million. Equities research analysts predict that Xcel Brands will post -0.25 earnings per share for the current year.

Institutional Investors Weigh In On Xcel Brands

Large investors have recently bought and sold shares of the company. Levin Capital Strategies L.P. bought a new stake in shares of Xcel Brands during the 1st quarter worth approximately $86,000. Perritt Capital Management Inc. lifted its stake in Xcel Brands by 31.6% during the first 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. acquired a new stake in shares of Xcel Brands in the 1st quarter valued at $600,000. Finally, Summit Trail Advisors LLC boosted 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.