Noble Financial Reaffirms Outperform Rating for Xcel Brands (NASDAQ:XELB)

Xcel Brands (NASDAQ:XELB)‘s stock had its “outperform” rating reiterated by Noble Financial 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 shares of Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Xcel Brands Stock Down 28.3%

XELB stock traded down $0.17 during mid-day trading on Friday, hitting $0.43. 619,019 shares of the company were exchanged, compared to its average volume of 258,118. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $2.82 million, a P/E ratio of -0.13 and a beta of 1.24. Xcel Brands has a 1-year low of $0.37 and a 1-year high of $2.47. The firm’s 50 day simple moving average is $0.87 and its 200 day simple moving average is $1.48.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Thursday, August 13th. The textile maker reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.02). The firm had revenue of $1.12 million for the quarter, compared to the consensus estimate of $1.80 million. Xcel Brands had a negative return on equity of 109.17% and a negative net margin of 343.68%. On average, sell-side analysts predict that Xcel Brands will post -1.44 EPS for the current fiscal year.

Xcel Brands Company Profile

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.