Xcel Brands, Inc. Forecasted to Post Q2 2024 Earnings of ($0.08) Per Share (NASDAQ:XELB)

Xcel Brands, Inc. (NASDAQ:XELB) – Stock analysts at Sidoti Csr raised their Q2 2024 earnings estimates for shares of Xcel Brands in a report issued on Tuesday, May 21st. Sidoti Csr analyst A. Lebiedzinski now anticipates that the textile maker will post earnings of ($0.08) per share for the quarter, up from their previous forecast of ($0.09). The consensus estimate for Xcel Brands’ current full-year earnings is ($0.25) per share. Sidoti Csr also issued estimates for Xcel Brands’ FY2024 earnings at ($0.22) EPS.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Tuesday, April 16th. The textile maker reported ($0.24) earnings per share (EPS) for the quarter. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. The business had revenue of $2.29 million during the quarter.

Separately, StockNews.com initiated coverage on shares of Xcel Brands in a report on Thursday. They set a “sell” rating on the stock.

Xcel Brands Stock Performance

NASDAQ XELB opened at $0.70 on Friday. The company has a fifty day simple moving average of $0.75 and a 200 day simple moving average of $1.01. Xcel Brands has a 12-month low of $0.67 and a 12-month high of $2.10. The company has a current ratio of 0.98, a quick ratio of 1.06 and a debt-to-equity ratio of 0.21. The company has a market cap of $16.44 million, a P/E ratio of -0.64 and a beta of 1.47.

Institutional Investors Weigh In On Xcel Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. bought a new stake in Xcel Brands in the 1st quarter valued at about $86,000. Perritt Capital Management Inc. raised its stake in Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after acquiring an additional 145,833 shares during the period. AWM Investment Company Inc. purchased a new stake in shares of Xcel Brands in the first quarter worth about $600,000. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Xcel Brands by 32.5% in the first quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock worth $1,749,000 after buying an additional 550,453 shares in the last quarter. 18.55% of the stock is currently owned by institutional investors.

Insider Transactions at Xcel Brands

In other Xcel Brands news, Director Mark Disanto bought 146,250 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $0.65 per share, for a total transaction of $95,062.50. Following the purchase, the director now directly owns 1,174,263 shares of the company’s stock, valued at approximately $763,270.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 52.41% 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, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.