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

Equities research analysts at StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a report released on Thursday. The firm set a “sell” rating on the textile maker’s stock.

Separately, Sidoti upgraded Xcel Brands to a “hold” rating in a research note on Friday, January 31st.

Xcel Brands Stock Performance

NASDAQ XELB opened at $0.30 on Thursday. The stock has a market capitalization of $7.11 million, a price-to-earnings ratio of -0.29 and a beta of 1.35. Xcel Brands has a twelve month low of $0.29 and a twelve month high of $1.06. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $0.42 and a 200 day moving average of $0.62.

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

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC grew its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the period. Summit Trail Advisors LLC owned approximately 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.