Zacks Investment Research reaffirmed their hold rating on shares of XO Group (NYSE:XOXO) in a research report released on Saturday.
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. “
A number of other research analysts also recently commented on the company. BidaskClub downgraded XO Group from a buy rating to a hold rating in a research note on Saturday, November 4th. B. Riley upped their price objective on XO Group from $16.75 to $19.00 and gave the stock a neutral rating in a research note on Wednesday, November 1st. Finally, Roth Capital restated a neutral rating and set a $20.50 price objective on shares of XO Group in a research note on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $19.38.
Shares of XO Group (XOXO) remained flat at $$19.16 on Friday. The company’s stock had a trading volume of 40,335 shares, compared to its average volume of 75,714. The stock has a market capitalization of $492.41, a P/E ratio of 51.78, a P/E/G ratio of 2.61 and a beta of 0.92. XO Group has a 12 month low of $14.99 and a 12 month high of $20.96.
XO Group (NYSE:XOXO) last issued its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $40.24 million during the quarter, compared to the consensus estimate of $40.58 million. XO Group had a return on equity of 5.55% and a net margin of 5.35%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. sell-side analysts anticipate that XO Group will post 0.32 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in XO Group during the 3rd quarter worth $730,000. OxFORD Asset Management LLP boosted its position in XO Group by 4.0% during the 3rd quarter. OxFORD Asset Management LLP now owns 163,389 shares of the specialty retailer’s stock worth $3,216,000 after acquiring an additional 6,275 shares during the period. Schwab Charles Investment Management Inc. boosted its position in XO Group by 6.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 117,215 shares of the specialty retailer’s stock worth $2,306,000 after acquiring an additional 6,982 shares during the period. Wells Fargo & Company MN boosted its position in XO Group by 38.5% during the 3rd quarter. Wells Fargo & Company MN now owns 78,979 shares of the specialty retailer’s stock worth $1,553,000 after acquiring an additional 21,958 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in XO Group during the 3rd quarter worth $132,000. Institutional investors own 84.43% of the company’s stock.
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About XO Group
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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