XO Group (XOXO) Receives “Hold” Rating from Zacks Investment Research
Zacks Investment Research reiterated their hold rating on shares of XO Group (NYSE:XOXO) in a report released on Saturday morning.
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. “
Several other equities analysts also recently commented on the stock. B. Riley restated a hold rating and issued a $19.00 price target (up from $16.75) on shares of XO Group in a research note on Monday, October 30th. Roth Capital restated a neutral rating and issued a $20.50 price target on shares of XO Group in a research note on Thursday, October 12th. Finally, BidaskClub downgraded shares of XO Group from a strong-buy rating to a buy rating in a research note on Wednesday, October 25th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. XO Group currently has an average rating of Hold and an average target price of $19.38.
XO Group (NYSE:XOXO) opened at $19.16 on Friday. XO Group has a fifty-two week low of $14.99 and a fifty-two week high of $20.96. The company has a market cap of $492.42, a price-to-earnings ratio of 58.06, a price-to-earnings-growth ratio of 2.61 and a beta of 0.92.
XO Group (NYSE:XOXO) last released its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.13 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 business had revenue of $40.24 million for the quarter, compared to the consensus estimate of $40.58 million. During the same period in the prior year, the company posted $0.07 earnings per share. XO Group’s revenue was up 9.5% compared to the same quarter last year. equities research analysts expect that XO Group will post 0.32 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new position in shares of XO Group in the third quarter valued at about $132,000. BNP Paribas Arbitrage SA grew its stake in XO Group by 88.9% during the second quarter. BNP Paribas Arbitrage SA now owns 8,943 shares of the specialty retailer’s stock worth $158,000 after buying an additional 4,209 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in XO Group during the second quarter worth about $302,000. Alliancebernstein L.P. acquired a new stake in XO Group during the second quarter worth about $319,000. Finally, Voya Investment Management LLC grew its stake in XO Group by 9.6% during the second quarter. Voya Investment Management LLC now owns 18,136 shares of the specialty retailer’s stock worth $320,000 after buying an additional 1,593 shares in the last quarter. Institutional investors and hedge funds 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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