Noble Financial Has Negative View of Xcel Brands Q4 Earnings

Xcel Brands, Inc. (NASDAQ:XELB) – Research analysts at Noble Financial lowered their Q4 2024 EPS estimates for Xcel Brands in a report released on Wednesday, March 26th. Noble Financial analyst M. Kupinski now expects that the textile maker will post earnings per share of ($0.66) for the quarter, down from their previous 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.

A number of other brokerages also recently commented on XELB. Sidoti upgraded shares of Xcel Brands to a “hold” rating in a research note on Friday, January 31st. StockNews.com began coverage on Xcel Brands in a report on Sunday, March 23rd. They set a “sell” rating for the company.

Xcel Brands Trading Down 17.4 %

Shares of NASDAQ:XELB opened at $3.03 on Friday. Xcel Brands has a 52 week low of $2.50 and a 52 week high of $9.97. The company’s 50 day moving average is $3.60 and its two-hundred day moving average is $5.57. The company has a market cap of $71.90 million, a PE ratio of -2.94 and a beta of 1.38. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC grew its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,452,593 shares of the textile maker’s stock after buying an additional 210,000 shares during the period. Summit Trail Advisors LLC owned 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. Institutional investors own 18.55% 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.