XO Group, Inc. (XOXO) Receives $31.67 Average Price Target from Analysts

Shares of XO Group, Inc. (NYSE:XOXO) have been given an average rating of “Hold” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $31.67.

XOXO has been the subject of several recent analyst reports. Zacks Investment Research downgraded XO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. B. Riley downgraded XO Group from a “buy” rating to a “neutral” rating and upped their price target for the stock from $32.00 to $35.00 in a research note on Wednesday, September 26th. ValuEngine upgraded XO Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 26th. Finally, Aegis reiterated a “hold” rating and set a $34.00 price target on shares of XO Group in a research note on Thursday, September 27th.

Shares of NYSE XOXO opened at $34.99 on Friday. XO Group has a one year low of $17.49 and a one year high of $35.83. The stock has a market capitalization of $907.05 million, a price-to-earnings ratio of 89.72 and a beta of 0.71.

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

Several hedge funds and other institutional investors have recently bought and sold shares of XOXO. Water Island Capital LLC acquired a new position in XO Group in the 3rd quarter valued at approximately $16,368,000. Gabelli Funds LLC acquired a new position in XO Group in the 3rd quarter valued at approximately $14,655,000. WINTON GROUP Ltd acquired a new position in XO Group in the 2nd quarter valued at approximately $12,113,000. Morgan Stanley raised its holdings in XO Group by 222.0% in the 3rd quarter. Morgan Stanley now owns 521,984 shares of the specialty retailer’s stock valued at $17,998,000 after acquiring an additional 359,890 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in XO Group by 9.3% in the 2nd quarter. BlackRock Inc. now owns 3,537,109 shares of the specialty retailer’s stock valued at $113,189,000 after acquiring an additional 300,896 shares in the last quarter. 87.98% of the stock is owned by institutional investors and hedge funds.

About XO Group

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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