The XCel Brands Inc (XELB) Upgraded to “Hold” at Zacks Investment Research

The XCel Brands Inc (XELB) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of XCel Brands Inc (OTCMKTS:XELB) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday 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. “

Separately, Wunderlich reissued a buy rating and issued a $9.00 price target (down from $11.00) on shares of XCel Brands in a research note on Wednesday, August 10th.

Shares of XCel Brands (OTCMKTS:XELB) opened at 5.22 on Wednesday. The stock has a market capitalization of $78.70 million and a price-to-earnings ratio of 145.00. The company’s 50 day moving average is $4.83 and its 200-day moving average is $5.40. XCel Brands has a 1-year low of $4.00 and a 1-year high of $8.25.

XCel Brands (OTCMKTS:XELB) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Equities analysts anticipate that XCel Brands will post $0.37 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in XCel Brands stock. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of XCel Brands Inc (OTCMKTS:XELB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,441 shares of the company’s stock, valued at approximately $148,000. Mesirow Financial Investment Management Equity Management owned approximately 0.20% of XCel Brands as of its most recent SEC filing.

XCel Brands Company Profile

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