Zacks Investment Research Upgrades XCel Brands (XELB) to “Hold”

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XCel Brands (NASDAQ:XELB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

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, ValuEngine cut XCel Brands from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 13th.

NASDAQ:XELB remained flat at $$1.30 during trading hours on Friday. The company’s stock had a trading volume of 22,643 shares, compared to its average volume of 19,373. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. XCel Brands has a fifty-two week low of $1.00 and a fifty-two week high of $3.10. The company has a market cap of $24.59 million, a PE ratio of 6.50, a PEG ratio of 0.54 and a beta of 1.27.

XCel Brands (NASDAQ:XELB) last issued its quarterly earnings data on Tuesday, May 14th. The textile maker reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. XCel Brands had a return on equity of 3.92% and a net margin of 1.94%. The business had revenue of $10.30 million for the quarter, compared to analysts’ expectations of $11.00 million. Equities research analysts forecast that XCel Brands will post 0.24 earnings per share for the current year.

In related news, CEO Loren Robert W. D acquired 42,048 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average cost of $1.50 per share, for a total transaction of $63,072.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders have acquired 49,711 shares of company stock worth $75,593. Company insiders own 61.42% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Capital Management LLC bought a new stake in shares of XCel Brands during the 1st quarter worth $43,000. Deutsche Bank AG bought a new stake in shares of XCel Brands during the 4th quarter worth $57,000. Weber Alan W bought a new stake in shares of XCel Brands during the 1st quarter worth $68,000. Finally, ARS Investment Partners LLC raised its stake in shares of XCel Brands by 16.9% during the 1st quarter. ARS Investment Partners LLC now owns 443,293 shares of the textile maker’s stock worth $754,000 after purchasing an additional 64,240 shares during the period. Institutional investors own 15.87% of the company’s stock.

XCel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands.

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