Noble Financial Has Weak Outlook for Xcel Brands Q4 Earnings

Xcel Brands, Inc. (NASDAQ:XELB - Free Report) - Equities researchers at Noble Financial dropped their Q4 2024 EPS estimates for shares of Xcel Brands in a note issued to investors 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 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.

Other equities analysts have also recently issued reports about the company. Sidoti upgraded Xcel Brands to a "hold" rating in a report on Friday, January 31st. StockNews.com assumed coverage on shares of Xcel Brands in a research note on Monday. They issued a "sell" rating on the stock.

Xcel Brands Price Performance

Shares of NASDAQ:XELB traded up $0.18 during midday trading on Friday, hitting $3.00. The company had a trading volume of 75,815 shares, compared to its average volume of 7,663. The business's 50-day simple moving average is $3.57 and its 200-day simple moving average is $5.52. The stock has a market cap of $7.12 million, a price-to-earnings ratio of -2.91 and a beta of 1.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. Xcel Brands has a twelve month low of $2.50 and a twelve month high of $9.97.

Hedge Funds Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC grew its holdings in Xcel Brands, Inc. (NASDAQ:XELB - Free Report) by 9.4% in the 4th 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 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.

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.