Q4 EPS Estimates for Xcel Brands Lowered by Noble Financial

Xcel Brands, Inc. (NASDAQ:XELB) – Equities researchers at Noble Financial lowered their Q4 2024 earnings per share (EPS) estimates for shares of Xcel Brands in a research report issued on Wednesday, March 26th. Noble Financial analyst M. Kupinski now expects that the textile maker will post earnings of ($0.66) per share for the quarter, down from their prior forecast of ($0.60). The consensus estimate for Xcel Brands’ current full-year earnings is ($0.23) per share. Noble Financial also issued estimates for Xcel Brands’ FY2025 earnings at ($1.54) EPS.

Several other equities analysts have also commented on the stock. StockNews.com began coverage on shares of Xcel Brands in a report on Sunday, March 23rd. They set a “sell” rating on the stock. Sidoti upgraded shares of Xcel Brands to a “hold” rating in a research report on Friday, January 31st.

Xcel Brands Trading Down 17.4 %

XELB stock opened at $3.03 on Friday. The company has a market capitalization of $7.19 million, a PE ratio of -2.94 and a beta of 1.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52. Xcel Brands has a one year low of $2.50 and a one year high of $9.97. The company’s 50 day moving average price is $3.60 and its two-hundred day moving average price is $5.56.

Hedge Funds Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC grew its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned approximately 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 18.55% of the company’s stock.

Xcel Brands Company Profile

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.