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

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

Separately, Sidoti raised shares of Xcel Brands to a “hold” rating in a report on Friday, January 31st.

Xcel Brands Stock Performance

Shares of XELB opened at $0.28 on Friday. Xcel Brands has a 1 year low of $0.26 and a 1 year high of $1.00. The company has a market cap of $6.64 million, a price-to-earnings ratio of -0.27 and a beta of 1.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a fifty day moving average of $0.39 and a 200-day moving average of $0.59.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.06. Xcel Brands had a negative net margin of 236.80% and a negative return on equity of 19.20%. As a group, equities analysts anticipate that Xcel Brands will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC lifted its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. 18.55% of the stock is currently owned by 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.