DA Davidson cut shares of XCel Brands (NASDAQ:XELB) from a buy rating to a neutral rating in a research report released on Thursday morning, The Fly reports.
Several other equities research analysts have also weighed in on XELB. Zacks Investment Research upgraded shares of XCel Brands from a hold rating to a buy rating and set a $1.75 target price on the stock in a report on Saturday, October 19th. ValuEngine upgraded shares of XCel Brands from a strong sell rating to a sell rating in a report on Wednesday.
XCel Brands stock traded up $0.08 during trading hours on Thursday, hitting $1.61. 87,900 shares of the stock were exchanged, compared to its average volume of 32,372. The business’s 50-day moving average is $1.73 and its two-hundred day moving average is $1.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.65 and a current ratio of 1.74. The stock has a market capitalization of $33.02 million, a P/E ratio of 8.05 and a beta of 1.46. XCel Brands has a 12 month low of $1.00 and a 12 month high of $3.50.
Several large investors have recently modified their holdings of the stock. Legacy Advisors LLC raised its holdings in shares of XCel Brands by 1.4% during the second quarter. Legacy Advisors LLC now owns 565,725 shares of the textile maker’s stock worth $820,000 after acquiring an additional 8,000 shares during the period. Weber Alan W raised its holdings in shares of XCel Brands by 125.0% during the second quarter. Weber Alan W now owns 90,000 shares of the textile maker’s stock worth $131,000 after acquiring an additional 50,000 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of XCel Brands by 50.2% during the second quarter. Vanguard Group Inc. now owns 76,321 shares of the textile maker’s stock worth $111,000 after acquiring an additional 25,498 shares during the period. Institutional investors and hedge funds own 8.07% 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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