XO Group, Inc. (NYSE:XOXO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, October 18th.
According to Zacks, “XO Group Inc. is a media and technology company. It provides information, products and advice related to weddings and pregnancy. The Company operates Internet websites, publishes magazines and books, and produces television and video content. XO Group Inc., formerly known as The Knot, Inc., is headquartered in New York, New York. “
Several other brokerages have also recently commented on XOXO. Roth Capital reaffirmed a “neutral” rating and set a $20.50 target price on shares of XO Group in a report on Thursday, October 12th. BidaskClub raised shares of XO Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. ValuEngine raised shares of XO Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, B. Riley reissued a “neutral” rating and issued a $16.75 price objective on shares of XO Group in a research note on Sunday, August 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.50.
XO Group (XOXO) traded up $0.08 during trading on Wednesday, reaching $19.29. 86,679 shares of the company’s stock traded hands, compared to its average volume of 86,627. The company has a market cap of $495.76, a PE ratio of 51.92, a P/E/G ratio of 3.77 and a beta of 0.94. XO Group has a 52-week low of $14.99 and a 52-week high of $20.99.
XO Group (NYSE:XOXO) last announced its earnings results on Tuesday, October 31st. The specialty retailer reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. XO Group had a net margin of 5.35% and a return on equity of 5.55%. The company had revenue of $40.24 million for the quarter, compared to analysts’ expectations of $40.58 million. During the same period last year, the firm earned $0.07 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. research analysts predict that XO Group will post 0.34 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Los Angeles Capital Management & Equity Research Inc. boosted its position in XO Group by 38.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 99,906 shares of the specialty retailer’s stock valued at $1,965,000 after buying an additional 27,530 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in XO Group by 12.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 32,280 shares of the specialty retailer’s stock valued at $635,000 after buying an additional 3,500 shares in the last quarter. Prudential Financial Inc. boosted its position in XO Group by 20.2% in the third quarter. Prudential Financial Inc. now owns 102,118 shares of the specialty retailer’s stock valued at $2,008,000 after buying an additional 17,160 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in XO Group by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 20,471 shares of the specialty retailer’s stock valued at $361,000 after buying an additional 226 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in XO Group by 40.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 309,809 shares of the specialty retailer’s stock valued at $5,459,000 after buying an additional 89,395 shares in the last quarter. Hedge funds and other institutional investors own 83.17% of the company’s stock.
XO Group Company Profile
XO Group Inc is engaged in providing content and marketing solutions, targeted advertising programs, transactions and merchandise. The Company’s multi-platform brands guide couples through transformative life stages from getting married with The Knot, to moving in together with The Nest, to having a baby with The Bump, and helping bring celebrations to life with entertainment vendors from GigMasters.com Incorporated (GigMasters).
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