Zacks Investment Research Downgrades XCel Brands (XELB) to Hold

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Zacks Investment Research cut shares of XCel Brands (NASDAQ:XELB) from a buy rating to a hold rating in a research note published on Saturday morning.

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. “

XELB has been the subject of several other research reports. ValuEngine cut XCel Brands from a hold rating to a sell rating in a research note on Tuesday, October 9th. DA Davidson restated a buy rating on shares of XCel Brands in a research note on Friday, August 10th.

Shares of XELB opened at $2.04 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.03 and a quick ratio of 1.95. The stock has a market capitalization of $42.93 million, a PE ratio of 22.67, a P/E/G ratio of 1.31 and a beta of 0.46. XCel Brands has a 1 year low of $1.80 and a 1 year high of $3.55.

XCel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Thursday, August 9th. The textile maker reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $8.26 million during the quarter, compared to analysts’ expectations of $8.81 million. XCel Brands had a positive return on equity of 3.54% and a negative net margin of 29.91%. As a group, sell-side analysts expect that XCel Brands will post 0.18 EPS for the current year.

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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