Equities Analysts Offer Predictions for Xcel Brands, Inc.’s Q1 2024 Earnings (NASDAQ:XELB)

Xcel Brands, Inc. (NASDAQ:XELBFree Report) – Noble Financial issued their Q1 2024 earnings estimates for Xcel Brands in a report issued 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 ($0.30) 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 initiated coverage on shares of Xcel Brands in a report on Saturday, April 13th. They issued a “sell” rating on the stock.

Check Out Our Latest Stock Analysis on XELB

Xcel Brands Price Performance

XELB stock opened at $0.70 on Friday. Xcel Brands has a one year low of $0.51 and a one year high of $2.10. The company’s fifty day moving average price is $0.88 and its 200-day moving average price is $1.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.26. The company has a market capitalization of $13.91 million, a PE ratio of -0.65 and a beta of 1.43.

Institutional Investors Weigh In On Xcel Brands

A number of hedge funds have recently bought and sold shares of the business. Mariner LLC purchased a new stake in shares of Xcel Brands in the third quarter valued at $42,000. Vanguard Group Inc. raised its stake in shares of Xcel Brands by 36.3% in the first quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock valued at $537,000 after acquiring an additional 95,997 shares during the period. Finally, Potomac Capital Management Inc. raised its stake in shares of Xcel Brands by 23.4% in the fourth quarter. Potomac Capital Management Inc. now owns 779,452 shares of the textile maker’s stock valued at $1,005,000 after acquiring an additional 148,050 shares during the period. Hedge funds and other institutional investors own 18.55% of the company’s stock.

Insider Transactions at Xcel Brands

In other Xcel Brands news, Director Mark Disanto purchased 146,250 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $0.65 per share, with a total value of $95,062.50. Following the completion of the purchase, the director now directly owns 1,174,263 shares in the company, valued at $763,270.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 52.41% of the company’s stock.

About Xcel Brands

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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.

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Earnings History and Estimates for Xcel Brands (NASDAQ:XELB)

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