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

Stock analysts at StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB – Get Rating) in a report issued on Sunday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Performance

Shares of NASDAQ XELB opened at $1.40 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.47 and a quick ratio of 1.08. Xcel Brands has a one year low of $0.51 and a one year high of $1.75. The firm has a market cap of $27.56 million, a price-to-earnings ratio of -4.38 and a beta of 1.38. The stock’s fifty day moving average price is $0.83 and its two-hundred day moving average price is $0.78.

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Xcel Brands (NASDAQ:XELB – Get Rating) last issued its quarterly earnings results on Monday, April 17th. The textile maker reported ($0.32) EPS for the quarter. Xcel Brands had a negative return on equity of 23.68% and a negative net margin of 26.75%. The company had revenue of $4.07 million during the quarter. On average, equities analysts forecast that Xcel Brands will post -0.45 EPS for the current year.

Institutional Trading of Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Vanguard Group Inc. grew its position in shares of Xcel Brands, Inc. (NASDAQ:XELB – Get Rating) by 36.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 360,472 shares of the textile maker’s stock after purchasing an additional 95,997 shares during the quarter. Vanguard Group Inc. owned approximately 1.84% of Xcel Brands worth $537,000 as of its most recent SEC filing. Institutional investors own 17.43% of the company’s stock.

Xcel Brands Company Profile

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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, and other brands, as well as manages the Longaberger brand.

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