ValuEngine Upgrades XCel Brands (NASDAQ:XELB) to Sell

XCel Brands (NASDAQ:XELB) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

XELB has been the topic of several other research reports. Zacks Investment Research upgraded shares of XCel Brands from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a research report on Saturday, October 19th. DA Davidson reaffirmed a “buy” rating on shares of XCel Brands in a report on Monday, November 4th.

Shares of XCel Brands stock traded up $0.08 on Wednesday, reaching $1.61. 87,900 shares of the company traded hands, compared to its average volume of 32,372. The company has a 50 day moving average of $1.73 and a 200 day moving average of $1.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.74 and a quick ratio of 1.65. The firm has a market capitalization of $33.02 million, a PE ratio of 8.05 and a beta of 1.46. XCel Brands has a 52 week low of $1.00 and a 52 week high of $3.50.

XCel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Wednesday, November 13th. The textile maker reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). The company had revenue of $10.93 million for the quarter. XCel Brands had a net margin of 3.98% and a return on equity of 3.47%. As a group, analysts anticipate that XCel Brands will post 0.32 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in XELB. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 25,498 shares during the last quarter. Weber Alan W grew its holdings in 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 acquiring an additional 50,000 shares during the last quarter. Finally, Legacy Advisors LLC grew its holdings in 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 acquiring an additional 8,000 shares during the last quarter. 8.07% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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