Xcel Brands (NASDAQ:XELB) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a report released on Saturday morning. The brokerage issued a sell rating on the textile maker’s stock.

Separately, Sidoti upgraded shares of Xcel Brands to a “hold” rating in a report on Friday, January 31st.

Xcel Brands Stock Performance

Xcel Brands stock opened at $0.28 on Friday. Xcel Brands has a fifty-two week low of $0.26 and a fifty-two week high of $1.00. The stock’s 50 day simple moving average is $0.39 and its two-hundred day simple moving average is $0.58. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $6.64 million, a price-to-earnings ratio of -0.27 and a beta of 1.38.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.06. Xcel Brands had a negative net margin of 236.80% and a negative return on equity of 19.20%. As a group, analysts expect that Xcel Brands will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC lifted its position in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.55% of the stock is owned by institutional investors and hedge funds.

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.