Stock analysts at DA Davidson assumed coverage on shares of XCel Brands (NASDAQ:XELB) in a report released on Thursday. The brokerage set a “buy” rating and a $5.00 price target on the textile maker’s stock. DA Davidson’s price target would suggest a potential upside of 58.73% from the stock’s current price.
XELB has been the topic of several other reports. ValuEngine upgraded XCel Brands from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. B. Riley restated a “buy” rating and issued a $4.50 price target on shares of XCel Brands in a research report on Friday, November 10th.
XCel Brands (NASDAQ:XELB) opened at $3.15 on Thursday. XCel Brands has a 12-month low of $1.80 and a 12-month high of $5.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54. The stock has a market capitalization of $58.14, a price-to-earnings ratio of 22.50 and a beta of 0.79.
XCel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). XCel Brands had a return on equity of 2.34% and a net margin of 8.92%. The company had revenue of $7.89 million during the quarter, compared to the consensus estimate of $10.49 million.
A hedge fund recently raised its stake in XCel Brands stock. AWM Investment Company Inc. boosted its holdings in shares of XCel Brands Inc (NASDAQ:XELB) by 15.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 430,002 shares of the textile maker’s stock after acquiring an additional 56,562 shares during the period. AWM Investment Company Inc. owned approximately 2.70% of XCel Brands worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission. 20.79% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This report was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/02/10/xcel-brands-xelb-coverage-initiated-at-da-davidson.html.
About XCel Brands
Xcel Brands, Inc is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands.
Receive News & Ratings for XCel Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XCel Brands and related companies with MarketBeat.com's FREE daily email newsletter.