XCel Brands Inc (XELB) Rating Increased to Hold at Zacks Investment Research
XCel Brands Inc (OTCMKTS:XELB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a 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 reiterated a “buy” rating and issued a $9.00 price target (down from $11.00) on shares of XCel Brands in a report on Wednesday, August 10th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/xcel-brands-inc-xelb-rating-increased-to-hold-at-zacks-investment-research.html
Shares of XCel Brands (OTCMKTS:XELB) traded down 0.78% during trading on Wednesday, hitting $5.11. The company had a trading volume of 200 shares. The company’s 50 day moving average is $4.83 and its 200 day moving average is $5.42. XCel Brands has a 1-year low of $4.00 and a 1-year high of $8.27. The firm has a market capitalization of $77.04 million and a P/E ratio of 141.94.
XCel Brands (OTCMKTS:XELB) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. Analysts anticipate that XCel Brands will post $0.37 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in XCel Brands stock. Mesirow Financial Investment Management Equity Management bought a new stake in shares of XCel Brands Inc (OTCMKTS:XELB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,441 shares of the company’s stock, valued at approximately $148,000. Mesirow Financial Investment Management Equity Management owned about 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for XCel Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XCel Brands Inc and related companies with MarketBeat.com's FREE daily email newsletter.