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 (EPS) estimates for Xcel Brands in a report released on Wednesday, April 17th. Noble Financial analyst M. Kupinski forecasts that the textile maker will post earnings of ($0.13) per share 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 report on Saturday, April 13th. They set a “sell” rating for the company.

Xcel Brands Trading Down 8.2 %

Shares of NASDAQ:XELB opened at $0.67 on Friday. Xcel Brands has a 12-month low of $0.51 and a 12-month high of $2.10. The stock has a market cap of $13.32 million, a PE ratio of -0.63 and a beta of 1.43. The business has a 50 day moving average of $0.89 and a 200-day moving average of $1.06. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.10.

Insider Activity at Xcel Brands

In related news, Director Mark Disanto purchased 146,250 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of $0.65 per share, for a total transaction of $95,062.50. Following the completion of the purchase, the director now owns 1,174,263 shares in the company, valued at approximately $763,270.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 52.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Potomac Capital Management Inc. increased its holdings in shares of Xcel Brands by 23.4% during the fourth quarter. Potomac Capital Management Inc. now owns 779,452 shares of the textile maker’s stock worth $1,005,000 after buying an additional 148,050 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Xcel Brands by 36.3% during the first quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock worth $537,000 after buying an additional 95,997 shares in the last quarter. Finally, Mariner LLC acquired a new position in shares of Xcel Brands during the third quarter worth $42,000. 18.55% of the stock is currently owned by institutional investors and hedge funds.

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.