Xcel Brands (NASDAQ:XELB) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other brokerages also recently issued reports on XELB. FBR & Co reaffirmed a “buy” rating and issued a $4.50 price target (up previously from $4.00) on shares of Xcel Brands in a report on Thursday, August 10th. B. Riley reaffirmed a “buy” rating and issued a $4.50 price target on shares of Xcel Brands in a report on Friday, November 10th.

Shares of Xcel Brands (NASDAQ XELB) remained flat at $$2.55 during midday trading on Friday. 4,353 shares of the stock traded hands, compared to its average volume of 18,936. Xcel Brands has a twelve month low of $1.80 and a twelve month high of $5.00. The company has a market cap of $44.48, a PE ratio of 19.61 and a beta of 2.31. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.19.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Xcel Brands had a net margin of 8.92% and a return on equity of 2.34%. The business had revenue of $7.89 million during the quarter, compared to analysts’ expectations of $10.49 million.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Legacy Advisors LLC purchased a new position in shares of Xcel Brands during the third quarter valued at approximately $1,676,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Xcel Brands by 3.8% during the second quarter. State of New Jersey Common Pension Fund D now owns 549,419 shares of the textile maker’s stock valued at $1,676,000 after buying an additional 20,000 shares during the period. ARS Investment Partners LLC lifted its stake in shares of Xcel Brands by 18.3% during the second quarter. ARS Investment Partners LLC now owns 510,453 shares of the textile maker’s stock valued at $1,557,000 after buying an additional 79,126 shares during the period. AWM Investment Company Inc. lifted its stake in shares of Xcel Brands by 15.1% during the second quarter. AWM Investment Company Inc. now owns 430,002 shares of the textile maker’s stock valued at $1,312,000 after buying an additional 56,562 shares during the period. Finally, Cooper Creek Partners Management LLC lifted its stake in shares of Xcel Brands by 4.7% during the fourth quarter. Cooper Creek Partners Management LLC now owns 209,489 shares of the textile maker’s stock valued at $1,571,000 after buying an additional 9,400 shares during the period. 20.89% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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