Q1 2024 EPS Estimates for Xcel Brands, Inc. (NASDAQ:XELB) Decreased by Analyst

Xcel Brands, Inc. (NASDAQ:XELB) – Investment analysts at Sidoti Csr cut their Q1 2024 earnings per share estimates for shares of Xcel Brands in a report issued on Wednesday, April 17th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the textile maker will post earnings of ($0.18) per share for the quarter, down from their prior estimate of ($0.11). The consensus estimate for Xcel Brands’ current full-year earnings is ($0.25) per share. Sidoti Csr also issued estimates for Xcel Brands’ Q2 2024 earnings at ($0.09) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.30) EPS, Q1 2025 earnings at ($0.04) EPS and Q3 2025 earnings at $0.05 EPS.

Separately, StockNews.com started coverage on Xcel Brands in a research note on Saturday, April 13th. They set a “sell” rating on the stock.

Xcel Brands Price Performance

Shares of XELB opened at $0.70 on Friday. The stock’s 50 day moving average is $0.88 and its two-hundred day moving average is $1.06. The firm has a market capitalization of $13.92 million, a PE ratio of -0.65 and a beta of 1.43. 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 twelve month low of $0.51 and a twelve month high of $2.10.

Insider Buying and Selling at Xcel Brands

In other Xcel Brands news, Director Mark Disanto purchased 146,250 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $0.65 per share, for a total transaction of $95,062.50. Following the acquisition, the director now owns 1,174,263 shares of the company’s stock, valued at approximately $763,270.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 52.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in XELB. Mariner LLC acquired a new stake in Xcel Brands in the 3rd quarter valued at $42,000. Vanguard Group Inc. grew its stake in Xcel Brands by 36.3% in the first 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 in the last quarter. Finally, Potomac Capital Management Inc. grew its stake in Xcel Brands by 23.4% in the fourth 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 in the last quarter. 18.55% of the stock is owned by hedge funds and other institutional investors.

Xcel Brands Company Profile

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.