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

Analysts at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Price Performance

NASDAQ:XELB opened at $0.81 on Tuesday. Xcel Brands has a 52 week low of $0.58 and a 52 week high of $1.70. The stock’s fifty day moving average is $0.72 and its two-hundred day moving average is $0.71. The company has a market capitalization of $19.03 million, a P/E ratio of -0.74 and a beta of 1.34. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.08.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. Xcel Brands had a negative return on equity of 20.74% and a negative net margin of 179.30%. The firm had revenue of $2.95 million during the quarter, compared to the consensus estimate of $2.98 million. During the same period last year, the company earned ($0.09) EPS. Equities analysts expect that Xcel Brands will post -0.26 EPS for the current year.

Hedge Funds Weigh In On Xcel Brands

Large investors have recently made changes to their positions in the stock. Levin Capital Strategies L.P. acquired a new stake in Xcel Brands in the 1st quarter valued at approximately $86,000. Perritt Capital Management Inc. lifted its stake in Xcel Brands by 31.6% during the first 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, AWM Investment Company Inc. purchased a new position in shares of Xcel Brands during the first quarter worth $600,000. 18.55% 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 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.