B. Riley reaffirmed their hold rating on shares of XO Group, Inc. (NYSE:XOXO) in a report published on Monday morning. They currently have a $19.00 target price on the specialty retailer’s stock, up from their prior target price of $16.75.
“We are modeling 3Q revenue/AEBITDA of $40.8MM/$8.1MM versus consensus of $40.3MM/$8.0MM and we expect the company to report in line with consensus. Checks indicate that traffic and Google search trends are on track and the company continues to benefit from easy Y/Y comparisons due to the ERP implementation in 2016. We forecast Online/Transactions/Publishing revenue of $28.7MM (+10.4% Y/Y)/$9.0MM (+27.0% Y/Y)/$3.1MM (-15.0% Y/Y) versus consensus of $28.6MM/$8.8MM/$3.0MM. Within Online, we model Local ad revenue of $19.6MM (+17.4% Y/Y) and National revenue $9.1MM (+2.0% Y/Y). Aside from continued growth in transactions, the biggest focus during the quarter will be if the company can maintain its improved 75.1% vendor 2Q retention rate and growth in the National segment as management is cautious about 2H spend due to secular headwinds.”,” the firm’s analyst wrote.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded XO Group from a hold rating to a sell rating in a research note on Thursday, October 5th. ValuEngine raised XO Group from a sell rating to a hold rating in a research note on Friday, September 1st. BidaskClub downgraded XO Group from a buy rating to a hold rating in a research note on Tuesday, July 25th. Finally, Roth Capital reaffirmed a neutral rating and issued a $20.50 price objective on shares of XO Group in a research note on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. XO Group presently has a consensus rating of Hold and an average price target 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 for the quarter, beating the consensus estimate of $0.11 by $0.02. XO Group had a return on equity of 5.55% and a net margin of 5.35%. The firm had revenue of $40.24 million during the quarter, compared to the consensus estimate of $40.58 million. During the same period last year, the business posted $0.07 EPS. XO Group’s quarterly revenue was up 9.5% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the business. Harbour Capital Advisors LLC increased its position in XO Group by 1,662.0% during the second quarter. Harbour Capital Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $350,000 after buying an additional 5,817 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in XO Group by 88.9% during the second 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 in the last quarter. First Quadrant L P CA purchased a new position in XO Group during the second quarter worth $178,000. Arizona State Retirement System increased its position in XO Group by 0.8% during the first quarter. Arizona State Retirement System now owns 12,895 shares of the specialty retailer’s stock worth $222,000 after buying an additional 100 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in XO Group by 3.1% during the first quarter. Thrivent Financial For Lutherans now owns 13,830 shares of the specialty retailer’s stock worth $238,000 after buying an additional 410 shares in the last quarter. 83.31% of the stock is owned by institutional investors.
About XO Group
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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