XO Group Inc (XOXO) Given Average Rating of “Hold” by Brokerages
Shares of XO Group Inc (NYSE:XOXO) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.38.
A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded XO Group from a “hold” rating to a “sell” rating in a research report on Saturday. B. Riley reiterated a “hold” rating and set a $19.00 target price (up from $16.75) on shares of XO Group in a research report on Monday, October 30th. BidaskClub upgraded XO Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Finally, Roth Capital reiterated a “neutral” rating and set a $20.50 target price on shares of XO Group in a research report on Thursday, October 12th.
Several hedge funds have recently made changes to their positions in XOXO. Macquarie Group Ltd. bought a new stake in shares of XO Group during the 3rd quarter worth $132,000. BNP Paribas Arbitrage SA lifted its position in shares of XO Group by 88.9% during the 2nd 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 during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of XO Group during the 2nd quarter worth $302,000. Alliancebernstein L.P. bought a new stake in shares of XO Group during the 2nd quarter worth $319,000. Finally, Voya Investment Management LLC lifted its position in shares of XO Group by 9.6% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.
XO Group (NYSE:XOXO) last released its earnings results on Tuesday, October 31st. The specialty retailer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $40.24 million during the quarter, compared to the consensus estimate of $40.58 million. XO Group had a return on equity of 5.55% and a net margin of 5.35%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. sell-side analysts forecast that XO Group will post 0.32 earnings per share for the current fiscal year.
XO Group Company Profile
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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