Zacks Investment Research Upgrades XCel Brands Inc (XELB) to “Hold”
XCel Brands Inc (OTCMKTS:XELB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued 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 reaffirmed a “buy” rating and set a $9.00 target price (down previously from $11.00) on shares of XCel Brands in a research note on Wednesday, August 10th.
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Shares of XCel Brands (OTCMKTS:XELB) traded down 0.78% during midday trading on Wednesday, reaching $5.11. The company’s stock had a trading volume of 200 shares. 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 PE ratio of 141.94. The company’s 50-day moving average price is $4.83 and its 200 day moving average price is $5.42.
XCel Brands (OTCMKTS:XELB) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. On average, equities research analysts forecast that XCel Brands will post $0.37 earnings per share for the current year.
A hedge fund recently bought a new stake in XCel Brands stock. Mesirow Financial Investment Management Equity Management bought a new position in XCel Brands Inc (OTCMKTS:XELB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 29,441 shares of the company’s stock, valued at approximately $148,000. Mesirow Financial Investment Management Equity Management owned 0.20% of XCel Brands as of its most recent filing with the SEC.
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.
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