Xcel Brands (NASDAQ:XELB) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note issued on Sunday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $0.76 on Friday. Xcel Brands has a twelve month low of $0.58 and a twelve month high of $1.70. The business has a 50 day moving average price of $0.71 and a 200 day moving average price of $0.71. The company has a market cap of $17.85 million, a price-to-earnings ratio of -0.70 and a beta of 1.34. 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 posted its earnings results on Wednesday, August 14th. The textile maker reported ($0.01) EPS for the quarter, topping the consensus estimate 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 return on equity of 20.74% and a negative net margin of 179.30%. During the same quarter last year, the company earned ($0.09) EPS. Research analysts predict that Xcel Brands will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On Xcel Brands

A number of large investors have recently made changes to their positions in XELB. AWM Investment Company Inc. bought a new stake in shares of Xcel Brands during the first quarter worth $600,000. Perritt Capital Management Inc. grew its position in 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 last quarter. Finally, Levin Capital Strategies L.P. acquired a new position in Xcel Brands in the 1st quarter worth about $86,000. Institutional investors own 18.55% of the company’s stock.

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.