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

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note issued to investors on Sunday. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Performance

Shares of NASDAQ:XELB traded up $0.00 on Friday, hitting $0.65. The company’s stock had a trading volume of 5,087 shares, compared to its average volume of 39,611. The company has a market capitalization of $15.18 million, a price-to-earnings ratio of -0.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.98. Xcel Brands has a 12 month low of $0.58 and a 12 month high of $1.98. The stock’s 50-day moving average is $0.67 and its two-hundred day moving average is $0.80.

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, beating 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 during the quarter, compared to analyst estimates of $2.20 million. On average, equities research analysts forecast that Xcel Brands will post -0.25 EPS for the current year.

Hedge Funds Weigh In On Xcel Brands

Hedge funds have recently modified their holdings of the company. Levin Capital Strategies L.P. acquired a new position in Xcel Brands during the first quarter worth about $86,000. AWM Investment Company Inc. bought a new position in shares of Xcel Brands during the 1st quarter valued at about $600,000. Perritt Capital Management Inc. grew its stake 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. 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 worth $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.

Xcel Brands Company Profile

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.