XO Group, Inc. (NYSE:XOXO) shares shot up 0.6% during mid-day trading on Wednesday . The stock traded as high as $35.36 and last traded at $34.55. 43,174 shares changed hands during trading, a decline of 61% from the average session volume of 111,354 shares. The stock had previously closed at $34.75.

A number of brokerages recently weighed in on XOXO. B. Riley downgraded shares of XO Group from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $32.00 to $35.00 in a report on Wednesday. ValuEngine upgraded XO Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Zacks Investment Research upgraded XO Group from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, August 3rd. Finally, Roth Capital decreased their price target on XO Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.25.

The stock has a market cap of $716.03 million, a price-to-earnings ratio of 89.10, a PEG ratio of 2.82 and a beta of 0.89.

XO Group (NYSE:XOXO) last announced its quarterly earnings results on Tuesday, July 31st. The specialty retailer reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. XO Group had a return on equity of 8.57% and a net margin of 7.73%. The firm had revenue of $43.15 million for the quarter, compared to analysts’ expectations of $42.85 million. equities research analysts expect that XO Group, Inc. will post 0.65 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in XOXO. Principal Financial Group Inc. boosted its stake in shares of XO Group by 2.3% during the first quarter. Principal Financial Group Inc. now owns 186,092 shares of the specialty retailer’s stock valued at $3,861,000 after purchasing an additional 4,171 shares during the period. CIBC World Markets Inc. bought a new position in XO Group in the second quarter worth $308,000. Acadian Asset Management LLC raised its holdings in XO Group by 524.6% in the second quarter. Acadian Asset Management LLC now owns 503,815 shares of the specialty retailer’s stock worth $16,124,000 after purchasing an additional 423,150 shares in the last quarter. New York State Teachers Retirement System raised its holdings in XO Group by 6.2% in the second quarter. New York State Teachers Retirement System now owns 83,529 shares of the specialty retailer’s stock worth $2,673,000 after purchasing an additional 4,912 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in XO Group by 6.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 36,418 shares of the specialty retailer’s stock worth $1,165,000 after purchasing an additional 2,340 shares in the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.

XO Group Company Profile (NYSE:XOXO)

XO Group Inc provides multiplatform media and marketplace services to the wedding, pregnancy and parenting, and local entertainment markets primarily in the United States. It operates a network of Websites under various brands, including The Knot, which offers wedding resources and marketplaces through wedding Website and mobile apps, national and local wedding magazines, and nationally published books; and The Bump, a pregnancy and parenting brand that provides personalized information, content, and tools for navigating the journey from fertility to pregnancy and parenting through the toddler years.

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