XO Group (XOXO) Downgraded to Hold at Zacks Investment Research

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Zacks Investment Research lowered shares of XO Group (NYSE:XOXO) from a buy rating to a hold rating in a research note published on Wednesday.

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 analysts have also weighed in on XOXO. Roth Capital decreased their price objective on XO Group from $29.00 to $26.00 and set a neutral rating on the stock in a report on Tuesday, July 31st. ValuEngine lowered XO Group from a strong-buy rating to a buy rating in a report on Tuesday, September 18th. B. Riley lowered XO Group from a buy rating to a neutral rating and raised their price objective for the company from $32.00 to $35.00 in a report on Wednesday, September 26th. Finally, Aegis restated a hold rating and issued a $34.00 price objective on shares of XO Group in a report on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. XO Group presently has an average rating of Hold and an average price target of $31.50.

Shares of XOXO stock opened at $34.45 on Wednesday. The firm has a market capitalization of $896.58 million, a price-to-earnings ratio of 88.33 and a beta of 0.75. XO Group has a fifty-two week low of $17.49 and a fifty-two week high of $35.83.

XO Group (NYSE:XOXO) last announced its quarterly earnings data on Thursday, November 1st. The specialty retailer reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $43.06 million for the quarter, compared to analyst estimates of $42.79 million. XO Group had a return on equity of 9.17% and a net margin of 8.17%. As a group, equities research analysts forecast that XO Group will post 0.66 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of XO Group by 26.6% during the 1st quarter. Russell Investments Group Ltd. now owns 64,234 shares of the specialty retailer’s stock worth $1,333,000 after purchasing an additional 13,507 shares during the last quarter. Millennium Management LLC increased its position in shares of XO Group by 77.3% during the 1st quarter. Millennium Management LLC now owns 66,818 shares of the specialty retailer’s stock worth $1,386,000 after purchasing an additional 29,131 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of XO Group by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 186,092 shares of the specialty retailer’s stock worth $3,861,000 after purchasing an additional 4,171 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of XO Group by 524.6% during the 2nd 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 during the last quarter. Finally, First Quadrant L P CA increased its position in shares of XO Group by 192.2% during the 2nd quarter. First Quadrant L P CA now owns 34,278 shares of the specialty retailer’s stock worth $1,097,000 after purchasing an additional 22,548 shares during the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.

XO Group Company Profile

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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