ValuEngine upgraded shares of XCel Brands (NASDAQ:XELB) from a hold rating to a buy rating in a research report sent to investors on Thursday.
Separately, B. Riley restated a buy rating and issued a $4.50 price objective on shares of XCel Brands in a report on Friday, November 10th.
XCel Brands (NASDAQ XELB) traded up $0.40 during trading on Thursday, hitting $2.80. 17,284 shares of the stock were exchanged, compared to its average volume of 8,662. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. XCel Brands has a one year low of $1.80 and a one year high of $5.00. The stock has a market capitalization of $51.68, a price-to-earnings ratio of 21.54 and a beta of 0.47.
An institutional investor recently bought a new position in XCel Brands stock. Legacy Advisors LLC acquired a new position in XCel Brands Inc (NASDAQ:XELB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 549,725 shares of the textile maker’s stock, valued at approximately $1,676,000. XCel Brands accounts for 2.1% of Legacy Advisors LLC’s holdings, making the stock its 9th largest holding. Legacy Advisors LLC owned 3.45% of XCel Brands at the end of the most recent reporting period. 20.89% of the stock is currently owned by institutional investors and hedge funds.
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XCel Brands Company Profile
Xcel Brands, Inc is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands.
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