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

Xcel Brands (NASDAQ:XELB)‘s stock had its “outperform” rating restated by investment analysts at Noble Financial in a research report issued to clients and investors 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Xcel Brands Trading Down 21.7%

Shares of Xcel Brands stock traded down $0.13 during trading on Friday, reaching $0.47. 307,262 shares of the stock were exchanged, compared to its average volume of 255,952. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.87. The stock’s fifty day moving average is $0.87 and its 200 day moving average is $1.48. The firm has a market cap of $3.08 million, a price-to-earnings ratio of -0.14 and a beta of 1.24. Xcel Brands has a 1 year low of $0.44 and a 1 year high of $2.47.

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