Q2 2024 Earnings Forecast for Xcel Brands, Inc. (NASDAQ:XELB) Issued By Sidoti Csr

Xcel Brands, Inc. (NASDAQ:XELB) – Equities researchers at Sidoti Csr increased their Q2 2024 EPS estimates for Xcel Brands in a research report issued to clients and investors on Tuesday, May 21st. Sidoti Csr analyst A. Lebiedzinski now anticipates that the textile maker will post earnings per share of ($0.08) for the quarter, up from their prior estimate of ($0.09). The consensus estimate for Xcel Brands’ current full-year earnings is ($0.30) per share. Sidoti Csr also issued estimates for Xcel Brands’ FY2024 earnings at ($0.22) EPS.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Tuesday, April 16th. The textile maker reported ($0.24) earnings per share (EPS) for the quarter. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. The company had revenue of $2.29 million for the quarter.

Separately, StockNews.com started coverage on shares of Xcel Brands in a research note on Thursday. They set a “sell” rating on the stock.

Xcel Brands Trading Up 2.9 %

Shares of Xcel Brands stock opened at $0.70 on Friday. Xcel Brands has a 1 year low of $0.67 and a 1 year high of $2.10. The firm has a market cap of $16.44 million, a PE ratio of -0.64 and a beta of 1.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 1.06. The company has a 50 day simple moving average of $0.75 and a two-hundred day simple moving average of $1.01.

Insiders Place Their Bets

In other Xcel Brands news, Director Mark Disanto purchased 146,250 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $0.65 per share, with a total value of $95,062.50. Following the completion of the purchase, the director now owns 1,174,263 shares of the company’s stock, valued at approximately $763,270.95. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 52.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Levin Capital Strategies L.P. purchased a new position in shares of Xcel Brands in the first quarter worth $86,000. Perritt Capital Management Inc. boosted its holdings in Xcel Brands by 31.6% in the first quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after acquiring an additional 145,833 shares in the last quarter. AWM Investment Company Inc. bought a new stake in Xcel Brands in the first quarter valued at $600,000. Finally, Summit Trail Advisors LLC boosted its holdings in Xcel Brands by 32.5% in the first quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock valued at $1,749,000 after acquiring an additional 550,453 shares in the last quarter. 18.55% of the stock is owned by hedge funds and other institutional investors.

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.