FY2024 EPS Estimates for Xcel Brands Decreased by Sidoti Csr

Xcel Brands, Inc. (NASDAQ:XELB) – Equities researchers at Sidoti Csr lowered their FY2024 earnings per share estimates for shares of Xcel Brands in a research report issued on Tuesday, March 25th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the textile maker will post earnings of ($2.37) per share for the year, down from their prior estimate of ($2.30). The consensus estimate for Xcel Brands’ current full-year earnings is ($0.23) per share. Sidoti Csr also issued estimates for Xcel Brands’ Q4 2024 earnings at ($0.82) EPS, Q1 2025 earnings at ($0.55) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at $0.06 EPS, FY2025 earnings at ($0.55) EPS, Q1 2026 earnings at ($0.45) EPS, Q2 2026 earnings at $0.15 EPS, Q3 2026 earnings at $0.53 EPS and Q4 2026 earnings at $0.56 EPS.

Other equities analysts have also issued reports about 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 Xcel Brands to a “hold” rating in a report on Friday, January 31st.

Xcel Brands Price Performance

NASDAQ:XELB opened at $3.03 on Friday. The business’s 50-day simple moving average is $3.60 and its two-hundred day simple moving average is $5.56. Xcel Brands has a 52 week low of $2.50 and a 52 week high of $9.97. The stock has a market cap of $7.19 million, a PE ratio of -2.94 and a beta of 1.38. The company has a quick ratio of 0.52, a current 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 increased its position in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,452,593 shares of the textile maker’s stock after acquiring an additional 210,000 shares during the period. Summit Trail Advisors LLC owned approximately 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.55% of the stock is currently 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, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.