BidaskClub downgraded shares of XO Group, Inc. (NYSE:XOXO) from a buy rating to a hold rating in a research note issued to investors on Tuesday, July 25th.
Other analysts have also issued reports about the company. Zacks Investment Research lowered XO Group from a hold rating to a sell rating in a research note on Thursday, July 13th. ValuEngine raised XO Group from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, B. Riley reissued a neutral rating and set a $16.25 price target on shares of XO Group in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $20.15.
Shares of XO Group (XOXO) traded down 1.85% during mid-day trading on Tuesday, hitting $18.07. 89,415 shares of the stock were exchanged. The firm has a 50-day moving average price of $17.99 and a 200 day moving average price of $17.61. The company has a market capitalization of $450.99 million, a PE ratio of 64.54 and a beta of 0.94. XO Group has a 12-month low of $14.99 and a 12-month high of $20.99.
XO Group (NYSE:XOXO) last released its earnings results on Monday, July 31st. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.11. XO Group had a return on equity of 4.71% and a net margin of 4.55%. The firm had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $41.51 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts expect that XO Group will post $0.33 earnings per share for the current year.
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Several large investors have recently added to or reduced their stakes in XOXO. Vanguard Group Inc. increased its stake in 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 increased its stake in XO Group by 2.1% in the second quarter. Renaissance Technologies LLC now owns 1,473,300 shares of the specialty retailer’s stock valued at $25,960,000 after buying an additional 30,800 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of XO Group by 10.7% in 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 buying an additional 129,723 shares during the period. Clearbridge Investments LLC increased its stake in shares of XO Group by 0.8% in the first quarter. Clearbridge Investments LLC now owns 908,761 shares of the specialty retailer’s stock valued at $15,640,000 after buying an additional 7,367 shares during the period. Finally, State Street Corp increased its stake in shares of 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. Hedge funds and other institutional investors own 83.50% of the company’s stock.
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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