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

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

Xcel Brands Stock Performance

Shares of XELB traded down $0.06 on Friday, reaching $0.39. The company’s stock had a trading volume of 112,552 shares, compared to its average volume of 257,971. The stock’s 50 day simple moving average is $0.85 and its two-hundred day simple moving average is $1.48. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $2.57 million, a P/E ratio of -0.12 and a beta of 1.24. Xcel Brands has a 12-month low of $0.37 and a 12-month high of $2.47.

Xcel Brands (NASDAQ:XELB) last announced its 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 analysts’ expectations of $1.80 million. Research analysts forecast 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.