Noble Financial Sticks to Their Buy Rating for XCel Brands (XELB)

Noble Financial analyst Michael Kupinski maintained a Buy rating on XCel Brands (XELB – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $0.74.

Kupinski covers the Communication Services sector, focusing on stocks such as Townsquare Media, AdTheorent Holding, and Cumulus Media. According to TipRanks, Kupinski has an average return of 10.3% and a 39.07% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for XCel Brands with a $3.00 average price target.

Based on XCel Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.64 million and a GAAP net loss of $5.14 million. In comparison, last year the company earned a revenue of $4.5 million and had a GAAP net loss of $4.04 million

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XELB in relation to earlier this year.

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XCel Brands (XELB) Company Description:

XCel Brands, Inc. is a media and brand management company, which engages in the design, production, licensing, marketing and director-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products and the acquisition of dynamic consumer lifestyle brands. It owns and manages Isaac Mizrahi, Judith Ripka, Wonder and High Line Collective brands. The company was founded by Robert W. D’Loren in August 31, 1989 and is headquartered in New York, NY.