Xcel Brands (NASDAQ:XELB) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a report published on Tuesday. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Trading Up 1.9 %

Shares of NASDAQ XELB opened at $0.81 on Tuesday. 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 has a one year low of $0.58 and a one year high of $1.70. The business has a 50-day moving average price of $0.72 and a two-hundred day moving average price of $0.71. The firm has a market capitalization of $19.14 million, a PE ratio of -0.75 and a beta of 1.34.

Xcel Brands (NASDAQ:XELB) last released its earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. The company had revenue of $2.95 million during the quarter, compared to the consensus estimate of $2.98 million. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. During the same quarter in the prior year, the firm earned ($0.09) EPS. As a group, analysts predict that Xcel Brands will post -0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xcel Brands

Several institutional investors and hedge funds have recently modified their holdings of the business. AWM Investment Company Inc. bought a new position in Xcel Brands during the first quarter valued at about $600,000. Perritt Capital Management Inc. raised its stake 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 acquiring an additional 145,833 shares in the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in shares of Xcel Brands in the 1st quarter valued at approximately $86,000. Institutional investors and hedge funds own 18.55% of the company’s stock.

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.