XO Group (XOXO) Rating Increased to Hold at Zacks Investment Research

XO Group (NYSE:XOXO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday, November 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. “

A number of other research firms have also commented on XOXO. BidaskClub lowered shares of XO Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine raised shares of XO Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. B. Riley upped their price objective on shares of 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 reaffirmed a “neutral” rating and issued a $20.50 price objective on shares of XO Group in a research note on Thursday, October 12th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. XO Group presently has an average rating of “Hold” and an average target price of $20.50.

XO Group (NYSE XOXO) traded down $0.25 during mid-day trading on Friday, reaching $18.37. 51,239 shares of the company were exchanged, compared to its average volume of 105,607. XO Group has a twelve month low of $14.99 and a twelve month high of $20.99. The firm has a market cap of $482.65, a PE ratio of 50.76, a price-to-earnings-growth ratio of 3.87 and a beta of 0.91.

XO Group (NYSE:XOXO) last announced its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $40.24 million during the quarter, compared to analysts’ expectations of $40.58 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 9.5% on a year-over-year basis. equities research analysts anticipate that XO Group will post 0.32 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its holdings in XO Group by 3.5% during the first quarter. Parametric Portfolio Associates LLC now owns 47,376 shares of the specialty retailer’s stock worth $815,000 after buying an additional 1,607 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in XO Group by 3.1% during the first quarter. Thrivent Financial For Lutherans now owns 13,830 shares of the specialty retailer’s stock worth $238,000 after buying an additional 410 shares during the last quarter. Vanguard Group Inc. raised its holdings in XO Group by 9.3% during the first quarter. Vanguard Group Inc. now owns 1,393,189 shares of the specialty retailer’s stock worth $23,977,000 after buying an additional 118,705 shares during the last quarter. Geode Capital Management LLC raised its holdings in XO Group by 10.2% during the first quarter. Geode Capital Management LLC now owns 243,719 shares of the specialty retailer’s stock worth $4,194,000 after buying an additional 22,527 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in XO Group by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,208,092 shares of the specialty retailer’s stock worth $20,791,000 after buying an additional 45,559 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

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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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