Rice Hall James & Associates LLC decreased its holdings in XO Group, Inc. (NYSE:XOXO) by 26.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,051 shares of the specialty retailer’s stock after selling 4,986 shares during the quarter. Rice Hall James & Associates LLC owned 0.05% of XO Group worth $484,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of XOXO. Acadian Asset Management LLC boosted its stake in XO Group by 524.6% during the second quarter. Acadian Asset Management LLC now owns 503,815 shares of the specialty retailer’s stock worth $16,124,000 after acquiring an additional 423,150 shares in the last quarter. WINTON GROUP Ltd bought a new position in XO Group during the second quarter worth $12,113,000. BlackRock Inc. boosted its stake in XO Group by 9.3% during the second quarter. BlackRock Inc. now owns 3,537,109 shares of the specialty retailer’s stock worth $113,189,000 after acquiring an additional 300,896 shares in the last quarter. TD Asset Management Inc. bought a new position in XO Group during the second quarter worth $3,373,000. Finally, Zacks Investment Management bought a new position in XO Group during the second quarter worth $2,626,000. Institutional investors and hedge funds own 86.85% of the company’s stock.
XOXO opened at $34.25 on Wednesday. The stock has a market cap of $893.21 million, a P/E ratio of 87.82 and a beta of 0.75. XO Group, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $35.83.
XO Group (NYSE:XOXO) last posted its quarterly earnings results on Thursday, November 1st. The specialty retailer reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The company had revenue of $43.06 million during the quarter, compared to analyst estimates of $42.79 million. XO Group had a net margin of 8.17% and a return on equity of 9.17%. On average, equities analysts forecast that XO Group, Inc. will post 0.66 EPS for the current year.
Several research analysts have weighed in on XOXO shares. Roth Capital lowered their price objective on shares of XO Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, July 31st. B. Riley downgraded shares of XO Group from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $32.00 to $35.00 in a report on Wednesday, September 26th. ValuEngine downgraded shares of XO Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. Aegis reiterated a “hold” rating and issued a $34.00 target price on shares of XO Group in a report on Thursday, September 27th. Finally, Zacks Investment Research upgraded shares of XO Group from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $31.50.
XO Group 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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