Brokers Offer Predictions for Xcel Brands, Inc.’s Q1 2024 Earnings (NASDAQ:XELB)

Xcel Brands, Inc. (NASDAQ:XELB) – Stock analysts at Sidoti Csr cut their Q1 2024 EPS estimates for Xcel Brands in a report released on Wednesday, April 17th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the textile maker will earn ($0.18) per share for the quarter, down from their previous estimate of ($0.11). The consensus estimate for Xcel Brands’ current full-year earnings is ($0.30) per share. Sidoti Csr also issued estimates for Xcel Brands’ Q2 2024 earnings at ($0.09) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.30) EPS, Q1 2025 earnings at ($0.04) EPS and Q3 2025 earnings at $0.05 EPS.

Separately, StockNews.com assumed coverage on shares of Xcel Brands in a report on Saturday, April 13th. They set a “sell” rating on the stock.

Xcel Brands Price Performance

Shares of NASDAQ XELB opened at $0.70 on Friday. The firm’s 50-day moving average price is $0.88 and its 200-day moving average price is $1.06. Xcel Brands has a 1-year low of $0.51 and a 1-year high of $2.10. The firm has a market capitalization of $13.91 million, a P/E ratio of -0.65 and a beta of 1.43. The company has a current ratio of 1.26, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling

In other Xcel Brands news, Director Mark Disanto bought 146,250 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $0.65 per share, for a total transaction of $95,062.50. Following the acquisition, the director now directly owns 1,174,263 shares of the company’s stock, valued at approximately $763,270.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 52.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Xcel Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mariner LLC bought a new stake in Xcel Brands in the 3rd quarter worth about $42,000. Vanguard Group Inc. grew its position in Xcel Brands by 36.3% in the 1st quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock worth $537,000 after purchasing an additional 95,997 shares in the last quarter. Finally, Potomac Capital Management Inc. grew its position in Xcel Brands by 23.4% in the 4th quarter. Potomac Capital Management Inc. now owns 779,452 shares of the textile maker’s stock worth $1,005,000 after purchasing an additional 148,050 shares in the last quarter. Institutional investors and hedge funds 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, and other brands, as well as manages the Longaberger brand.