Zacks Investment Research Upgrades XCel Brands (NASDAQ:XELB) to “Buy”

XCel Brands (NASDAQ:XELB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday, Zacks.com reports. The firm currently has a $1.75 price target on the textile maker’s stock. Zacks Investment Research‘s target price indicates a potential upside of 11.46% from the stock’s previous close.

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, ValuEngine upgraded shares of XCel Brands from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd.

NASDAQ:XELB opened at $1.57 on Friday. XCel Brands has a one year low of $1.00 and a one year high of $3.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.65 and a current ratio of 1.74. The firm has a market cap of $29.03 million, a P/E ratio of 7.85 and a beta of 1.49. The firm has a 50-day simple moving average of $1.79 and a 200-day simple moving average of $1.69.

XCel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. XCel Brands had a net margin of 7.12% and a return on equity of 3.68%. The business had revenue of $9.14 million during the quarter, compared to analyst estimates of $10.20 million. On average, research analysts predict that XCel Brands will post 0.32 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Legacy Advisors LLC raised its holdings in shares of XCel Brands by 1.4% in the 2nd quarter. Legacy Advisors LLC now owns 565,725 shares of the textile maker’s stock valued at $820,000 after purchasing an additional 8,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of XCel Brands by 50.2% in the 2nd quarter. Vanguard Group Inc. now owns 76,321 shares of the textile maker’s stock valued at $111,000 after purchasing an additional 25,498 shares in the last quarter. Finally, Weber Alan W raised its stake in shares of XCel Brands by 125.0% during the 2nd 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. Institutional investors and hedge funds own 13.62% of the company’s stock.

XCel Brands Company Profile

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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