Xcel Brands - XELB Stock Forecast, Price & News

Xcel Brands, Inc., together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston Brand, the C Wonder, and other brands, as well as manages the Longaberger brand. It licenses its brands to third parties; and designs, produces, markets, and distributes through an omni-channel retail sales strategy, which include distribution through interactive television, digital live-stream shopping, brick-and-mortar retail, wholesale, and e-commerce channels. The company also offers live streaming, social media and other marketing, and public relations support for its brands. In addition, it markets the Mizrahi brand through www.isaacmizrahi.com; the Halston brand through www.halston.com; the Judith Ripka fine jewelry brand through www.judithripka.com; the C Wonder brand through www.cwonder.com; the Logo Lori Goldstein brand through www.lorigoldstein.com; and the Longaberger brand through www.longaberger.com. The company was founded in 2011 and is headquartered in New York, New York.

Xcel Brands Stock Up 2.6 %

Xcel Brands stock traded up $0.03 during mid-day trading on Monday, hitting $1.19. The stock had a trading volume of 2 shares, compared to its average volume of 86,679. The stock has a 50-day simple moving average of $1.27 and a two-hundred day simple moving average of $1.29. Xcel Brands has a 12 month low of $0.95 and a 12 month high of $2.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.32 and a quick ratio of 1.02.

Xcel Brands (NASDAQ:XELB - Get Rating) last posted its quarterly earnings results on Monday, May 23rd. The textile maker reported ($0.10) earnings per share (EPS) for the quarter. Xcel Brands had a negative net margin of 33.76% and a negative return on equity of 9.25%. The firm had revenue of $8.75 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Xcel Brands in a report on Monday, August 1st. They set a "sell" rating on the stock.

Hedge Funds Weigh In On Xcel Brands

Several hedge funds have recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC lifted its stake in Xcel Brands by 7.3% in the fourth quarter. Summit Trail Advisors LLC now owns 1,553,074 shares of the textile maker's stock valued at $1,693,000 after buying an additional 105,833 shares during the period. Potomac Capital Management Inc. raised its position in shares of Xcel Brands by 19.1% during the second quarter. Potomac Capital Management Inc. now owns 693,629 shares of the textile maker's stock worth $818,000 after purchasing an additional 111,237 shares during the period. Vanguard Group Inc. raised its position in shares of Xcel Brands by 36.3% during the first quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker's stock worth $537,000 after purchasing an additional 95,997 shares during the period. Finally, Miramar Capital LLC acquired a new stake in shares of Xcel Brands during the first quarter worth about $106,000. Institutional investors and hedge funds own 13.54% of the company's stock.