StockNews.com Initiates Coverage on Xcel Brands (NASDAQ:XELB)

Analysts at StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a report issued on Sunday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Down 2.6 %

Shares of NASDAQ:XELB opened at $0.68 on Friday. The company has a market capitalization of $16.01 million, a PE ratio of -0.63 and a beta of 1.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The business has a fifty day moving average price of $0.72 and a two-hundred day moving average price of $0.98. Xcel Brands has a 1 year low of $0.66 and a 1 year high of $2.10.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Monday, May 20th. The textile maker reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.07. The company had revenue of $2.18 million during the quarter, compared to the consensus estimate of $2.20 million. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. Analysts forecast that Xcel Brands will post -0.25 earnings per share for the current year.

Institutional Investors Weigh In On Xcel Brands

A number of large investors have recently made changes to their positions in XELB. AWM Investment Company Inc. purchased a new position in shares of Xcel Brands in the first quarter worth $600,000. Summit Trail Advisors LLC grew its holdings in Xcel Brands by 32.5% during the first quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock valued at $1,749,000 after purchasing an additional 550,453 shares during the period. Perritt Capital Management Inc. lifted its holdings in Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after purchasing an additional 145,833 shares in the last quarter. Finally, Levin Capital Strategies L.P. purchased a new position in shares of Xcel Brands in the first quarter worth $86,000. 18.55% of the stock is currently owned by institutional investors.

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.