Xcel Brands, Inc (XELB) Stake Maintained by M&T Bank Corp

M&T Bank Corp maintained its stake in Xcel Brands, Inc (NASDAQ:XELB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,833 shares of the textile maker’s stock at the end of the first quarter. M&T Bank Corp’s holdings in Xcel Brands were worth $243,000 as of its most recent SEC filing.

Institutional Ownership by Quarter for Xcel Brands (NASDAQ:XELB)

Shares of Xcel Brands, Inc (NASDAQ:XELB) opened at 2.75 on Tuesday. The stock’s 50 day moving average is $2.50 and its 200 day moving average is $3.46. The stock has a market capitalization of $43.62 million, a PE ratio of 22.36 and a beta of 0.57. Xcel Brands, Inc has a 52 week low of $1.80 and a 52 week high of $5.84.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Tuesday, May 9th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Xcel Brands had a net margin of 7.27% and a return on equity of 0.20%. The business had revenue of $8.43 million for the quarter, compared to analyst estimates of $8.70 million. Analysts anticipate that Xcel Brands, Inc will post $0.31 EPS for the current fiscal year.

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Several analysts have commented on XELB shares. Zacks Investment Research raised shares of Xcel Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 24th. ValuEngine cut shares of Xcel Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

About Xcel Brands

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:XELB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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