XCel Brands Inc (OTCMKTS:XELB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Xcel Brands, Inc. operates as a brand management company. It is focused on the acquisition, design, and licensing, marketing and retail sales of consumer brands including apparel, footwear, and sporting goods. The Company owns and manages the Isaac Mizrahi and Judith Ripka brands. Xcel operates through two segments, Design and Licensing, and Retail Business. The Design and licensing segment licenses its brands to third parties, provide certain design services, and generate royalty and design and service fee revenues through licensing and other agreements with wholesale manufacturers, sourcing and design companies, and retailers. The Retail Business segment operates bricks-and-mortar retail stores; and an e-commerce site under the Isaac Mizrahi Brands. Xcel Brands, Inc. is headquartered in New York. “
Separately, Wunderlich restated a “buy” rating and issued a $9.00 target price (down previously from $11.00) on shares of XCel Brands in a research note on Wednesday, August 10th.
XCel Brands (OTCMKTS:XELB) opened at 4.97 on Wednesday. XCel Brands has a 12-month low of $4.00 and a 12-month high of $8.25. The stock has a market cap of $74.93 million and a PE ratio of 138.06. The firm’s 50-day moving average price is $4.83 and its 200 day moving average price is $5.41.
XCel Brands (OTCMKTS:XELB) last issued its earnings results on Tuesday, August 9th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Analysts anticipate that XCel Brands will post $0.37 EPS for the current year.
An institutional investor recently bought a new position in XCel Brands stock. Mesirow Financial Investment Management Equity Management purchased a new position in XCel Brands Inc (OTCMKTS:XELB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,441 shares of the company’s stock, valued at approximately $148,000. Mesirow Financial Investment Management Equity Management owned 0.20% of XCel Brands as of its most recent SEC filing.
XCel Brands Company Profile
Xcel Brands, Inc is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands.
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