Zacks Investment Research downgraded shares of XO Group (NYSE:XOXO) from a hold rating to a sell rating in a report released on Saturday, January 6th.
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 weighed in 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 lifted their price target on XO Group from $16.75 to $19.00 and gave the company a neutral rating in a research note on Wednesday, November 1st. Finally, Roth Capital reissued a neutral rating and issued a $20.50 price target 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 issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $19.38.
Shares of XO Group (XOXO) remained flat at $$19.16 on Friday. The company had a trading volume of 40,300 shares, compared to its average volume of 69,922. XO Group has a one year low of $14.99 and a one year high of $20.96. The firm has a market capitalization of $492.42, a price-to-earnings ratio of 58.06, a PEG ratio of 2.61 and a beta of 0.92.
XO Group (NYSE:XOXO) last announced its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $40.24 million for the quarter, compared to analyst estimates of $40.58 million. XO Group had a return on equity of 5.55% and a net margin of 5.35%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. equities research analysts expect that XO Group will post 0.32 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of XO Group by 5.8% in the second quarter. Vanguard Group Inc. now owns 1,474,477 shares of the specialty retailer’s stock valued at $25,981,000 after buying an additional 81,288 shares in the last quarter. Renaissance Technologies LLC raised its position in XO Group by 2.1% during the second quarter. Renaissance Technologies LLC now owns 1,473,300 shares of the specialty retailer’s stock valued at $25,960,000 after purchasing an additional 30,800 shares in the last quarter. Dimensional Fund Advisors LP raised its position in XO Group by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,337,815 shares of the specialty retailer’s stock valued at $23,572,000 after purchasing an additional 129,723 shares in the last quarter. State Street Corp raised its position in XO Group by 2.6% during the second quarter. State Street Corp now owns 655,761 shares of the specialty retailer’s stock valued at $11,555,000 after purchasing an additional 16,400 shares in the last quarter. Finally, Northern Trust Corp raised its position in XO Group by 3.5% during the second quarter. Northern Trust Corp now owns 360,337 shares of the specialty retailer’s stock valued at $6,349,000 after purchasing an additional 12,236 shares in the last quarter. 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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