Xcel Brands (NASDAQ:XELB) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note published on Sunday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Up 4.7 %

Shares of XELB opened at $0.72 on Friday. The business’s 50 day simple moving average is $0.67 and its 200-day simple moving average is $0.79. Xcel Brands has a 1 year low of $0.58 and a 1 year high of $1.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The stock has a market capitalization of $16.97 million, a price-to-earnings ratio of -0.66 and a beta of 1.41.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Monday, May 20th. The textile maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The firm had revenue of $2.18 million during the quarter, compared to the consensus estimate of $2.20 million. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. As a group, equities analysts expect that Xcel Brands will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Levin Capital Strategies L.P. bought a new position in Xcel Brands in the 1st quarter worth about $86,000. Perritt Capital Management Inc. increased its holdings 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 purchasing an additional 145,833 shares during the period. AWM Investment Company Inc. bought a new stake in Xcel Brands during the 1st quarter valued at $600,000. Finally, Summit Trail Advisors LLC grew its position in shares of Xcel Brands by 32.5% during the 1st 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 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.