Zacks Investment Research upgraded shares of XCel Brands Inc (OTCMKTS:XELB) from a strong sell rating to a hold rating in a report released on Wednesday.

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. “

Separately, Wunderlich reiterated a buy rating and set a $9.00 target price (down previously from $11.00) on shares of XCel Brands in a research note on Wednesday, August 10th.

XCel Brands (OTCMKTS:XELB) opened at 5.01 on Wednesday. XCel Brands has a 52 week low of $4.00 and a 52 week high of $8.27. The company has a market capitalization of $75.53 million and a P/E ratio of 139.17. The company has a 50 day moving average price of $4.83 and a 200-day moving average price of $5.41.

XCel Brands (OTCMKTS:XELB) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. On average, equities analysts anticipate that XCel Brands will post $0.37 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in XCel Brands stock. Mesirow Financial Investment Management Equity Management bought a new position in shares of XCel Brands Inc (OTCMKTS:XELB) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 29,441 shares of the company’s stock, valued at approximately $148,000. Mesirow Financial Investment Management Equity Management owned about 0.20% of XCel Brands as of its most recent SEC filing.

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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