Vanguard Group Inc. increased its stake in XO Group, Inc. (NYSE:XOXO) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,474,477 shares of the specialty retailer’s stock after purchasing an additional 81,288 shares during the quarter. Vanguard Group Inc. owned approximately 5.91% of XO Group worth $25,981,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its stake in XO Group by 88.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,943 shares of the specialty retailer’s stock valued at $158,000 after acquiring an additional 4,209 shares in the last quarter. First Quadrant L P CA purchased a new position in XO Group during the 2nd quarter valued at about $178,000. Thrivent Financial For Lutherans grew its stake in XO Group by 3.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 13,830 shares of the specialty retailer’s stock valued at $238,000 after acquiring an additional 410 shares in the last quarter. Alliancebernstein L.P. purchased a new position in XO Group during the 2nd quarter valued at about $319,000. Finally, Nationwide Fund Advisors grew its stake in XO Group by 8.0% during the 2nd quarter. Nationwide Fund Advisors now owns 18,904 shares of the specialty retailer’s stock valued at $333,000 after acquiring an additional 1,396 shares in the last quarter. 83.17% of the stock is currently owned by hedge funds and other institutional investors.
XOXO has been the subject of several recent research reports. Roth Capital set a $21.00 price target on XO Group and gave the company a “buy” rating in a research note on Tuesday, August 1st. BidaskClub raised XO Group from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded XO Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine upgraded XO Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, B. Riley restated a “hold” rating and issued a $19.00 target price (up from $16.75) on shares of XO Group in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.50.
XO Group (NYSE:XOXO) last released its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $40.24 million for the quarter, compared to analysts’ expectations of $40.58 million. XO Group had a return on equity of 5.55% and a net margin of 5.35%. XO Group’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. equities research analysts expect that XO Group, Inc. will post 0.32 EPS 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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