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

Xcel Brands (NASDAQ:XELB)‘s stock had its “outperform” rating reissued by 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 lowered Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Xcel Brands has a consensus rating of “Hold”.

Xcel Brands Price Performance

Shares of XELB traded down $0.15 during trading hours on Friday, reaching $0.45. 726,446 shares of the company traded hands, compared to its average volume of 258,716. 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 has a market capitalization of $2.98 million, a PE ratio of -0.13 and a beta of 1.24. Xcel Brands has a fifty-two week low of $0.37 and a fifty-two week high of $2.47. The stock has a fifty day simple moving average of $0.87 and a 200 day simple moving average of $1.48.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Thursday, August 13th. The textile maker reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.02). The company had revenue of $1.12 million for the quarter, compared to analyst estimates 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, research analysts predict that Xcel Brands will post -1.44 EPS for the current fiscal year.

About Xcel Brands

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.