Trading was heavy with 9,764 shares changing hands in the last trading session. Overall, volume was up 121.96% over the stocks normal daily volume.
Investors are a little more bullish on Xcel Brands Cmn recently as evidenced by the fall in short interest. The stock had a fall in short interest of -10.41% as of October 13, 2017 from the last reporting period. Short interest decreased from 14,209 to 12,730 over that period. Days to cover decreased from 2.0 to 1.0 and the short interest percentage is 0.00% as of October 13.
These firms have modified their investment in XELB. As of quarter end Blackrock Inc. had bought 1,091 shares growing its holdings by 346.3%. The value of the total investment in Xcel Brands Cmn increased from $1,000 to $4,000 increasing 300.0% quarter to quarter. Perritt Capital Management Inc augmented its holdings by buying 20,650 shares an increase of 10.2% as of 06/30/2017. Perritt Capital Management Inc owns 222,925 shares worth $680,000. The total value of its holdings increased 24.5%.
Awm Investment Company, Inc. added to its position by buying 56,562 shares an increase of 15.1% in the quarter. Awm Investment Company, Inc. now controls 430,002 shares with a value of $1,312,000. The value of the position overall is up by 30.2%.
November 10 investment analysts at B. Riley kept the stock rating at “Buy” with a current price target of $4.50. FBR & Co raised the price target of the stock on August 10 changing the price objective from $4.00 to $4.50 and issued a “Buy” recommendation.
In the market the company is trading down by 1.48% since yesterday’s close of 2.55. The most current P/E ratio is 18.35 and the market value is 46.37M. As of the last earnings report the EPS was $0.14 with 18.46M shares outstanding.
Xcel Brands, Inc., launched on August 31, 1989, is a brand development and media company. The Company is involved 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. The Business’s brand portfolio consists of the Isaac Mizrahi, Judith Ripka, H Halston, C Wonder and Highline Collective brands. It also manages and designs the Liz Claiborne New York brand (LCNY Brand)..