XCel Brands (XELB) Raised to Buy at ValuEngine

XCel Brands (NASDAQ:XELB) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Sunday.

Separately, B. Riley reaffirmed a “buy” rating and set a $4.50 target price on shares of XCel Brands in a research report on Friday, November 10th.

Shares of XCel Brands (NASDAQ XELB) traded up $0.05 during mid-day trading on Friday, reaching $3.30. 15,865 shares of the company were exchanged, compared to its average volume of 9,414. XCel Brands has a fifty-two week low of $1.80 and a fifty-two week high of $5.00. The company has a market capitalization of $60.91, a price-to-earnings ratio of 23.57 and a beta of 0.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54.

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

Institutional investors have recently made changes to their positions in the business. AWM Investment Company Inc. increased its holdings in XCel Brands by 15.1% in the 2nd 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. Legacy Advisors LLC bought a new stake in XCel Brands in the 3rd quarter valued at $1,676,000. Mesirow Financial Investment Management Equity Management bought a new stake in XCel Brands in the 2nd quarter valued at $148,000. Kellner Capital LLC increased its holdings in XCel Brands by 19.5% in the 2nd quarter. Kellner Capital LLC now owns 42,918 shares of the textile maker’s stock valued at $216,000 after buying an additional 7,000 shares during the period. Finally, Harvey Partners LLC increased its holdings in XCel Brands by 1.8% in the 4th quarter. Harvey Partners LLC now owns 142,511 shares of the textile maker’s stock valued at $1,069,000 after buying an additional 2,511 shares during the period. 20.89% of the stock is currently owned by hedge funds and other institutional investors.

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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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