DA Davidson Downgrades XCel Brands (NASDAQ:XELB) to Neutral

DA Davidson lowered shares of XCel Brands (NASDAQ:XELB) from a buy rating to a neutral rating in a report released on Thursday morning, The Fly reports.

Several other brokerages have also recently commented on XELB. ValuEngine upgraded shares of XCel Brands from a strong sell rating to a sell rating in a report on Wednesday, November 13th. Zacks Investment Research raised shares of XCel Brands from a hold rating to a buy rating and set a $1.75 price target on the stock in a research report on Saturday, October 19th.

NASDAQ XELB traded down $0.11 during trading on Thursday, reaching $1.50. 64,100 shares of the stock traded hands, compared to its average volume of 67,955. The firm has a market cap of $29.03 million, a price-to-earnings ratio of 7.50 and a beta of 1.46. The stock’s 50-day moving average price is $1.73 and its 200 day moving average price is $1.72. The company has a quick ratio of 1.65, a current ratio of 1.74 and a debt-to-equity ratio of 0.27. XCel Brands has a fifty-two week low of $1.00 and a fifty-two week high of $3.50.

XCel Brands (NASDAQ:XELB) last released its quarterly 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). XCel Brands had a net margin of 3.98% and a return on equity of 3.47%. The company had revenue of $10.93 million during the quarter. Analysts anticipate that XCel Brands will post 0.23 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Advisors LLC raised its position in 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 in the last quarter. Weber Alan W raised its position in 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 in the last quarter. Finally, Vanguard Group Inc. raised its position in 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 in the last quarter. 5.85% of the stock is currently owned by hedge funds and other institutional investors.

About XCel Brands

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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