Xcel Brands (NASDAQ:XELB) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELBGet Rating) in a research note issued on Wednesday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands stock opened at $1.27 on Wednesday. Xcel Brands has a one year low of $0.95 and a one year high of $3.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.02 and a current ratio of 1.32. The business has a fifty day moving average of $1.33 and a two-hundred day moving average of $1.29. The company has a market cap of $25.10 million, a P/E ratio of -1.90 and a beta of 1.54.

Xcel Brands (NASDAQ:XELBGet Rating) last released its quarterly earnings results on Thursday, April 14th. The textile maker reported ($0.22) earnings per share (EPS) for the quarter. The firm had revenue of $8.10 million for the quarter. Xcel Brands had a negative return on equity of 9.25% and a negative net margin of 33.76%.

A number of institutional investors have recently bought and sold shares of XELB. Vanguard Group Inc. grew its holdings in Xcel Brands by 36.3% in the 1st quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock valued at $537,000 after buying an additional 95,997 shares during the period. Miramar Capital LLC purchased a new stake in shares of Xcel Brands during the 1st quarter worth about $106,000. Potomac Capital Management Inc. grew its holdings in shares of Xcel Brands by 43.7% during the 1st quarter. Potomac Capital Management Inc. now owns 582,392 shares of the textile maker’s stock worth $868,000 after purchasing an additional 177,015 shares during the period. Finally, Summit Trail Advisors LLC grew its holdings in shares of Xcel Brands by 7.3% during the 4th quarter. Summit Trail Advisors LLC now owns 1,553,074 shares of the textile maker’s stock worth $1,693,000 after purchasing an additional 105,833 shares during the period. Hedge funds and other institutional investors own 13.54% of the company’s stock.

About Xcel Brands (Get Rating)

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, and other brands, as well as manages the Longaberger brand.

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