JPMorgan Chase & Co. decreased its stake in XO Group, Inc. (NYSE:XOXO) by 24.2% during the first quarter, Holdings Channel reports. The firm owned 59,649 shares of the specialty retailer’s stock after selling 19,012 shares during the period. JPMorgan Chase & Co.’s holdings in XO Group were worth $1,027,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in XO Group by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,162,533 shares of the specialty retailer’s stock valued at $22,612,000 after buying an additional 80,911 shares during the period. State Street Corp raised its position in XO Group by 7.3% in the fourth quarter. State Street Corp now owns 609,730 shares of the specialty retailer’s stock valued at $11,860,000 after buying an additional 41,651 shares during the period. Covey Capital Advisors LLC raised its position in XO Group by 12.3% in the first quarter. Covey Capital Advisors LLC now owns 256,668 shares of the specialty retailer’s stock valued at $4,417,000 after buying an additional 28,100 shares during the period. Boston Partners raised its position in XO Group by 2.2% in the first quarter. Boston Partners now owns 220,302 shares of the specialty retailer’s stock valued at $3,791,000 after buying an additional 4,660 shares during the period. Finally, American Century Companies Inc. raised its position in XO Group by 3.8% in the first quarter. American Century Companies Inc. now owns 192,115 shares of the specialty retailer’s stock valued at $3,306,000 after buying an additional 7,113 shares during the period. Hedge funds and other institutional investors own 83.76% of the company’s stock.
XO Group, Inc. (XOXO) opened at 18.03 on Monday. The firm has a market cap of $457.08 million, a price-to-earnings ratio of 50.08 and a beta of 0.94. The firm’s 50-day moving average is $17.42 and its 200-day moving average is $17.73. XO Group, Inc. has a 52 week low of $14.99 and a 52 week high of $20.99.
XO Group (NYSE:XOXO) last released its quarterly earnings data on Tuesday, May 9th. The specialty retailer reported $0.01 earnings per share for the quarter. XO Group had a net margin of 6.18% and a return on equity of 5.24%. The company had revenue of $35.76 million for the quarter, compared to analysts’ expectations of $35.94 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts anticipate that XO Group, Inc. will post $0.35 earnings per share for the current year.
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XOXO has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of XO Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. B. Riley reiterated a “neutral” rating and set a $16.25 price objective on shares of XO Group in a research note on Monday, May 15th. Finally, ValuEngine upgraded shares of XO Group from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.18.
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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