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

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note issued to investors on Tuesday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Up 7.0 %

XELB stock opened at $0.64 on Tuesday. Xcel Brands has a twelve month low of $0.58 and a twelve month high of $2.10. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $0.69 and its 200-day moving average is $0.93. The firm has a market capitalization of $15.03 million, a PE ratio of -0.59 and a beta of 1.42.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Monday, May 20th. The textile maker reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The business had revenue of $2.18 million for the quarter, compared to analyst estimates of $2.20 million. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. Sell-side analysts expect that Xcel Brands will post -0.25 EPS for the current fiscal year.

Institutional Trading of Xcel Brands

A number of hedge funds have recently bought and sold shares of XELB. Summit Trail Advisors LLC lifted 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 worth $1,749,000 after acquiring an additional 550,453 shares during the period. Perritt Capital Management Inc. increased its position in Xcel Brands by 31.6% in the first quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after buying an additional 145,833 shares during the last quarter. AWM Investment Company Inc. purchased a new stake in Xcel Brands in the first quarter worth $600,000. Finally, Levin Capital Strategies L.P. purchased a new stake in 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.