XCel Brands (NASDAQ:XELB) Downgraded by DA Davidson to “Neutral”

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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.

XCel Brands (NASDAQ:XELB) last posted its earnings results on Wednesday, November 13th. The textile maker reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). The firm had revenue of $10.93 million during the quarter. XCel Brands had a return on equity of 3.47% and a net margin of 3.98%. On average, equities analysts predict that XCel Brands will post 0.32 earnings per share for the current fiscal year.

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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