ValuEngine upgraded shares of XCel Brands (NASDAQ:XELB) from a sell rating to a hold rating in a research note released on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded HANNOVER RUECK/S from a sell rating to a hold rating in a report on Friday, May 17th.

NASDAQ XELB opened at $3.30 on Tuesday. The stock has a market cap of $52.97 million, a PE ratio of 16.50, a PEG ratio of 0.85 and a beta of 1.28. The company has a current ratio of 1.40, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. XCel Brands has a twelve month low of $1.00 and a twelve month high of $3.30. The business’s fifty day simple moving average is $1.52.

XCel Brands (NASDAQ:XELB) last released its quarterly earnings results on Tuesday, May 14th. The textile maker reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $11.00 million. XCel Brands had a return on equity of 3.90% and a net margin of 1.94%. Analysts expect that XCel Brands will post 0.33 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Capital Management LLC acquired a new stake in shares of XCel Brands during the 1st quarter worth about $43,000. Deutsche Bank AG acquired a new position in XCel Brands during the fourth quarter worth approximately $57,000. Weber Alan W acquired a new position in XCel Brands during the first quarter worth approximately $68,000. Finally, ARS Investment Partners LLC increased its position in XCel Brands by 16.9% during the first quarter. ARS Investment Partners LLC now owns 443,293 shares of the textile maker’s stock worth $754,000 after buying an additional 64,240 shares during the period. Institutional investors and hedge funds own 16.47% of the company’s stock.

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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