Zacks Investment Research Lowers XCel Brands (XELB) to Hold
XCel Brands (NASDAQ:XELB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.
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. “
Other research analysts have also recently issued reports about the stock. DA Davidson reissued a “buy” rating on shares of XCel Brands in a report on Friday, August 10th. ValuEngine cut shares of XCel Brands from a “hold” rating to a “sell” rating in a report on Tuesday.
XCel Brands (NASDAQ:XELB) last released its quarterly earnings results on Thursday, August 9th. The textile maker reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $8.26 million for the quarter, compared to analysts’ expectations of $8.81 million. XCel Brands had a negative net margin of 29.91% and a positive return on equity of 3.54%. Equities analysts anticipate that XCel Brands will post 0.18 earnings per share for the current fiscal 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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