Xcel Brands, Inc. Expected to Post Q1 2024 Earnings of ($0.13) Per Share (NASDAQ:XELB)

Xcel Brands, Inc. (NASDAQ:XELB) – Noble Financial issued their Q1 2024 EPS estimates for Xcel Brands in a research note issued to investors on Wednesday, April 17th. Noble Financial analyst M. Kupinski forecasts 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 began coverage on shares of Xcel Brands in a report on Saturday, April 13th. They issued a “sell” rating for the company.

Xcel Brands Price Performance

Shares of XELB opened at $0.70 on Friday. Xcel Brands has a 1-year low of $0.51 and a 1-year high of $2.10. The stock has a market cap of $13.92 million, a PE ratio of -0.65 and a beta of 1.43. The firm has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $1.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.26 and a quick ratio of 1.11.

Insider Activity at Xcel Brands

In other news, Director Mark Disanto purchased 146,250 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 1,174,263 shares of the company’s stock, valued at $763,270.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 52.41% of the company’s stock.

Institutional Trading of Xcel Brands

Institutional investors have recently modified their holdings of the stock. Mariner LLC acquired a new position in shares of Xcel Brands in the 3rd quarter valued at $42,000. Vanguard Group Inc. grew its stake in shares of Xcel Brands by 36.3% during 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 period. Finally, Potomac Capital Management Inc. grew its stake in shares of Xcel Brands by 23.4% during 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 period. Hedge funds and other 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.