StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB – Free Report) 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.
Read Our Latest Stock Analysis on Xcel Brands
Xcel Brands Stock Performance
Xcel Brands (NASDAQ:XELB – Get Free Report) 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 – Free Report) 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.
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