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

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

Xcel Brands Price Performance

Shares of XELB opened at $0.72 on Monday. The firm has a market capitalization of $16.92 million, a price-to-earnings ratio of -0.66 and a beta of 1.34. The firm’s fifty day simple moving average is $0.71 and its 200-day simple moving average is $0.71. Xcel Brands has a twelve month low of $0.58 and a twelve 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.

Xcel Brands (NASDAQ:XELB) last posted its quarterly 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. The company had revenue of $2.95 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned ($0.09) earnings per share. Equities analysts forecast that Xcel Brands will post -0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Xcel Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AWM Investment Company Inc. acquired a new stake in Xcel Brands during the first quarter worth approximately $600,000. Perritt Capital Management Inc. grew its position 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 valued at $473,000 after buying an additional 145,833 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in Xcel Brands during the 1st quarter worth $86,000. 18.55% of the stock is 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.