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

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

Xcel Brands Stock Down 0.7 %

XELB opened at $0.80 on Tuesday. The firm has a market cap of $18.79 million, a P/E ratio of -0.73 and a beta of 1.34. The business’s fifty day simple moving average is $0.73 and its 200 day simple moving average is $0.71. Xcel Brands has a 52 week low of $0.58 and a 52 week high of $1.70. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.08.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. The business had revenue of $2.95 million during the quarter, compared to the consensus estimate of $2.98 million. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. During the same period in the previous year, the firm posted ($0.09) earnings per share. As a group, equities research analysts anticipate that Xcel Brands will post -0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Xcel Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in XELB. AWM Investment Company Inc. acquired a new stake in Xcel Brands in the 1st quarter worth about $600,000. Perritt Capital Management Inc. lifted 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 worth $473,000 after acquiring an additional 145,833 shares during the period. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of Xcel Brands in the first quarter worth approximately $86,000. Hedge funds and other institutional investors own 18.55% of the company’s stock.

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.