Xcel Brands’ (XELB) Outperform Rating Reiterated at Noble Financial

by · The Markets Daily

Noble Financial reiterated their outperform rating on shares of Xcel Brands (NASDAQ:XELB – Free Report) in a report released on Friday,Benzinga reports. Noble Financial also issued estimates for Xcel Brands’ FY2028 earnings at $0.61 EPS and FY2029 earnings at $2.56 EPS.

Separately, Weiss Ratings downgraded Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Xcel Brands currently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on XELB

Xcel Brands Price Performance

XELB stock opened at $0.60 on Friday. The firm has a 50-day moving average price of $0.87 and a 200-day moving average price of $1.48. Xcel Brands has a 12 month low of $0.52 and a 12 month high of $2.47. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $3.94 million, a P/E ratio of -0.18 and a beta of 1.24.

Xcel Brands (NASDAQ:XELB – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.02). The company had revenue of $1.12 million for the quarter, compared to the consensus estimate of $1.80 million. Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. As a group, equities research analysts anticipate that Xcel Brands will post -1.44 EPS for the current fiscal year.

About Xcel Brands

(Get Free Report)

Xcel Brands, Inc is a media and consumer products company that develops, acquires, markets and licenses lifestyle brands. Its business combines brand management with entertainment, television, digital content, social commerce and direct-to-consumer initiatives designed to connect brands with consumers across multiple retail channels.

The company’s activities span fashion, jewelry, home goods and related consumer products. Xcel Brands works with designers and other brand partners to create product lines and then extends those brands through licensing, wholesale distribution, television shopping, e-commerce and digital and social-media platforms.

Recommended Stories