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

Xcel Brands, Inc. (NASDAQ:XELBFree Report) – Stock analysts at Sidoti Csr reduced their Q1 2024 EPS estimates for shares of Xcel Brands in a research report issued on Wednesday, April 17th. Sidoti Csr analyst A. Lebiedzinski now expects that the textile maker will post earnings of ($0.18) per share for the quarter, down from their previous estimate of ($0.11). The consensus estimate for Xcel Brands’ current full-year earnings is ($0.30) 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 initiated coverage on Xcel Brands in a report on Saturday, April 13th. They set a “sell” rating for the company.

Check Out Our Latest Stock Analysis on XELB

Xcel Brands Price Performance

Shares of XELB stock opened at $0.70 on Friday. Xcel Brands has a 12-month low of $0.51 and a 12-month high of $2.10. The firm has a market capitalization of $13.91 million, a price-to-earnings ratio of -0.65 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $0.88 and a 200-day moving average of $1.06.

Insider Activity

In related news, Director Mark Disanto acquired 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 acquisition, the director now directly owns 1,174,263 shares of the company’s stock, valued at $763,270.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 52.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Xcel Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of XELB. Vanguard Group Inc. lifted its position in 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 acquiring an additional 95,997 shares during the last quarter. Mariner LLC acquired a new stake in Xcel Brands during the third quarter worth approximately $42,000. Finally, Potomac Capital Management Inc. lifted its position in 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 acquiring an additional 148,050 shares during the last quarter. Institutional investors own 18.55% of the company’s stock.

Xcel Brands Company Profile

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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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