Zacks Investment Research upgraded shares of XCel Brands (NASDAQ:XELB) from a hold rating to a buy rating in a report issued on Saturday, Zacks.com reports. They currently have $1.75 price objective on the textile maker’s stock.
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 XCel Brands from a strong sell rating to a sell rating in a report on Wednesday, October 2nd.
XCel Brands stock opened at $1.70 on Friday. The stock has a 50-day simple moving average of $1.79 and a 200 day simple moving average of $1.69. The company has a quick ratio of 1.65, a current ratio of 1.74 and a debt-to-equity ratio of 0.27. XCel Brands has a 12-month low of $1.00 and a 12-month high of $3.50. The stock has a market capitalization of $29.79 million, a price-to-earnings ratio of 8.50 and a beta of 1.49.
XCel Brands (NASDAQ:XELB) last released its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. XCel Brands had a return on equity of 3.68% and a net margin of 7.12%. The business had revenue of $9.14 million during the quarter, compared to analysts’ expectations of $10.20 million. As a group, sell-side analysts anticipate that XCel Brands will post 0.32 EPS for the current year.
A number of large investors have recently made changes to their positions in XELB. Vanguard Group Inc. lifted its position in shares of XCel Brands by 50.2% in the 2nd quarter. Vanguard Group Inc. now owns 76,321 shares of the textile maker’s stock worth $111,000 after buying an additional 25,498 shares during the last quarter. Weber Alan W lifted its position in shares of XCel Brands by 125.0% in the 2nd quarter. Weber Alan W now owns 90,000 shares of the textile maker’s stock worth $131,000 after buying an additional 50,000 shares during the last quarter. Finally, Legacy Advisors LLC lifted its position in shares of XCel Brands by 1.4% in the 2nd quarter. Legacy Advisors LLC now owns 565,725 shares of the textile maker’s stock worth $820,000 after buying an additional 8,000 shares during the last quarter. 10.96% of the stock is owned by hedge funds and other institutional investors.
About XCel Brands
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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