XCel Brands (XELB) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of XCel Brands (NASDAQ:XELB) from a hold rating to a buy rating in a research note published on Thursday morning.
Separately, B. Riley restated a buy rating and set a $4.50 target price on shares of XCel Brands in a research report on Friday, November 10th.
XCel Brands (NASDAQ XELB) traded up $0.40 during trading hours on Thursday, hitting $2.80. 18,839 shares of the stock traded hands, compared to its average volume of 9,500. XCel Brands has a 1-year low of $1.80 and a 1-year high of $5.00. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $51.68, a P/E ratio of 20.00 and a beta of 2.55.
An institutional investor recently bought a new position in XCel Brands stock. Legacy Advisors LLC bought a new stake in shares of XCel Brands Inc (NASDAQ:XELB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 549,725 shares of the textile maker’s stock, valued at approximately $1,676,000. XCel Brands accounts for about 2.1% of Legacy Advisors LLC’s investment portfolio, making the stock its 9th largest position. Legacy Advisors LLC owned about 3.45% of XCel Brands as of its most recent filing with the Securities & Exchange Commission. 20.89% of the stock is owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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