Zacks Investment Research upgraded shares of XCel Brands (NASDAQ:XELB) from a sell rating to a hold rating in a research report released on Friday, Zacks.com reports.
According to Zacks, “Xcel Brands, Inc. operates as a brand management company. It is focused on the acquisition, design, and licensing, marketing and retail sales of consumer brands including apparel, footwear, and sporting goods. The Company owns and manages the Isaac Mizrahi and Judith Ripka brands. Xcel operates through two segments, Design and Licensing, and Retail Business. The Design and licensing segment licenses its brands to third parties, provide certain design services, and generate royalty and design and service fee revenues through licensing and other agreements with wholesale manufacturers, sourcing and design companies, and retailers. The Retail Business segment operates bricks-and-mortar retail stores; and an e-commerce site under the Isaac Mizrahi Brands. Xcel Brands, Inc. is headquartered in New York. “
Separately, ValuEngine raised shares of XCel Brands from a strong sell rating to a sell rating in a report on Monday, February 4th.
Shares of XELB traded down $0.01 on Friday, reaching $1.29. The company’s stock had a trading volume of 23,199 shares, compared to its average volume of 21,047. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.28. The company has a market cap of $24.59 million, a price-to-earnings ratio of 6.50, a PEG ratio of 0.54 and a beta of 1.27. XCel Brands has a 12-month low of $1.00 and a 12-month high of $3.10.
XCel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Tuesday, May 14th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $10.30 million for the quarter, compared to the consensus estimate of $11.00 million. XCel Brands had a net margin of 1.94% and a return on equity of 3.90%. As a group, analysts predict that XCel Brands will post 0.24 EPS for the current fiscal year.
In other XCel Brands news, CEO Loren Robert W. D acquired 42,048 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $1.50 per share, with a total value of $63,072.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders purchased 49,711 shares of company stock worth $75,593. 61.42% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the business. Weber Alan W purchased a new position in XCel Brands during the first quarter valued at approximately $68,000. ARS Investment Partners LLC lifted its holdings in XCel Brands by 16.9% during the first quarter. ARS Investment Partners LLC now owns 443,293 shares of the textile maker’s stock valued at $754,000 after purchasing an additional 64,240 shares in the last quarter. SG Capital Management LLC purchased a new position in XCel Brands during the first quarter valued at approximately $43,000. Finally, Deutsche Bank AG purchased a new position in XCel Brands during the fourth quarter valued at approximately $57,000. 15.87% of the stock is currently owned by institutional investors and hedge funds.
XCel Brands Company Profile
Xcel Brands, Inc, together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands.
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