Noble Financial Comments on Xcel Brands, Inc.’s Q1 2024 Earnings (NASDAQ:XELB)

Xcel Brands, Inc. (NASDAQ:XELB) – Equities researchers at Noble Financial issued their Q1 2024 earnings per share estimates for shares of Xcel Brands in a research report issued on Wednesday, April 17th. Noble Financial analyst M. Kupinski expects that the textile maker will post earnings per share of ($0.13) for the quarter. The consensus estimate for Xcel Brands’ current full-year earnings is ($0.25) per share. Noble Financial also issued estimates for Xcel Brands’ Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.05) EPS, Q4 2024 earnings at ($0.03) EPS and FY2024 earnings at ($0.29) EPS.

Separately, StockNews.com assumed coverage on Xcel Brands in a research report on Saturday, April 13th. They issued a “sell” rating for the company.

Xcel Brands Price Performance

Shares of XELB opened at $0.67 on Friday. The firm has a market cap of $13.32 million, a price-to-earnings ratio of -0.63 and a beta of 1.43. The stock has a 50 day moving average of $0.89 and a 200-day moving average of $1.06. The company has a current ratio of 1.26, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Xcel Brands has a 52 week low of $0.51 and a 52 week high of $2.10.

Insider Transactions at Xcel Brands

In other news, Director Mark Disanto bought 146,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $0.65 per share, for a total transaction of $95,062.50. Following the transaction, the director now owns 1,174,263 shares in the company, valued at $763,270.95. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 52.41% of the company’s stock.

Institutional Trading of Xcel Brands

Hedge funds have recently made changes to their positions in the stock. Mariner LLC bought a new stake in shares of Xcel Brands in the 3rd quarter worth approximately $42,000. Vanguard Group Inc. lifted its holdings in shares of Xcel Brands by 36.3% in the 1st quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock worth $537,000 after purchasing an additional 95,997 shares during the last quarter. Finally, Potomac Capital Management Inc. lifted its holdings in shares of Xcel Brands by 23.4% in the 4th quarter. Potomac Capital Management Inc. now owns 779,452 shares of the textile maker’s stock worth $1,005,000 after purchasing an additional 148,050 shares during the last quarter. Institutional investors own 18.55% of the company’s stock.

About Xcel Brands

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston Brand, the C Wonder, and other brands, as well as manages the Longaberger brand.