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

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

Xcel Brands Stock Performance

Shares of Xcel Brands stock opened at $0.70 on Friday. The stock has a market cap of $13.92 million, a price-to-earnings ratio of -0.65 and a beta of 1.43. The firm’s 50-day moving average is $0.88 and its 200 day moving average is $1.06. Xcel Brands has a 1 year low of $0.51 and a 1 year high of $2.10. 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

In other news, Director Mark Disanto bought 146,250 shares of Xcel Brands stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $0.65 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 52.41% of the company’s stock.

Institutional Investors Weigh In On Xcel Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Potomac Capital Management Inc. boosted its position 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 valued at $1,005,000 after acquiring an additional 148,050 shares during the last quarter. Vanguard Group Inc. grew its holdings in Xcel Brands by 36.3% during the 1st quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock valued at $537,000 after purchasing an additional 95,997 shares during the last quarter. Finally, Mariner LLC bought a new position in Xcel Brands during the 3rd quarter valued at about $42,000. 18.55% of the stock is owned by hedge funds and other institutional investors.

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.