StockNews.com Begins Coverage on Xcel Brands (NASDAQ:XELB)

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

Xcel Brands Stock Performance

Shares of XELB opened at $0.69 on Monday. Xcel Brands has a 12-month low of $0.58 and a 12-month high of $1.70. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. The company has a market cap of $16.20 million, a PE ratio of -0.63 and a beta of 1.41. The stock has a 50-day moving average price of $0.67 and a 200-day moving average price of $0.77.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. The business had revenue of $2.95 million for the quarter, compared to the consensus estimate of $2.98 million. During the same period last year, the firm posted ($0.09) earnings per share. As a group, equities analysts forecast that Xcel Brands will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XELB. Levin Capital Strategies L.P. bought a new stake in Xcel Brands during the first quarter worth about $86,000. Perritt Capital Management Inc. raised its holdings in shares of Xcel Brands by 31.6% during the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after buying an additional 145,833 shares in the last quarter. AWM Investment Company Inc. bought a new stake in Xcel Brands in the 1st quarter worth approximately $600,000. Finally, Summit Trail Advisors LLC boosted its stake in Xcel Brands by 32.5% in the first quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock worth $1,749,000 after buying an additional 550,453 shares in the last quarter. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

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.