Zacks Investment Research Lowers XO Group (XOXO) to Sell

Zacks Investment Research lowered shares of XO Group (NYSE:XOXO) from a hold rating to a sell rating in a research note released on Friday.

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. “

Several other research analysts also recently commented on XOXO. B. Riley reaffirmed a hold rating and issued a $19.00 price target (up from $16.75) on shares of XO Group in a research report on Monday, October 30th. ValuEngine raised XO Group from a sell rating to a hold rating in a research report on Friday, September 1st. BidaskClub raised XO Group from a buy rating to a strong-buy rating in a research report on Thursday, September 28th. Finally, Roth Capital reissued a neutral rating and set a $20.50 price target on shares of XO Group in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $19.38.

XO Group (NYSE:XOXO) opened at $18.96 on Friday. XO Group has a 1 year low of $14.99 and a 1 year high of $20.99. The firm has a market capitalization of $498.07, a price-to-earnings ratio of 57.46, a P/E/G ratio of 4.00 and a beta of 0.91.

XO Group (NYSE:XOXO) last released its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.13 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $40.24 million during the quarter, compared to analyst estimates of $40.58 million. During the same quarter last year, the company posted $0.07 EPS. XO Group’s revenue for the quarter was up 9.5% on a year-over-year basis. equities research analysts expect that XO Group will post 0.32 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its stake in XO Group by 0.4% during the 2nd quarter. Citigroup Inc. now owns 44,450 shares of the specialty retailer’s stock valued at $784,000 after purchasing an additional 199 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in XO Group by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 20,471 shares of the specialty retailer’s stock valued at $361,000 after buying an additional 226 shares during the period. Prudential Financial Inc. boosted its position in XO Group by 1.5% during the second quarter. Prudential Financial Inc. now owns 84,958 shares of the specialty retailer’s stock valued at $1,497,000 after buying an additional 1,250 shares during the period. Credit Suisse AG boosted its position in XO Group by 3.8% during the first quarter. Credit Suisse AG now owns 35,903 shares of the specialty retailer’s stock valued at $617,000 after buying an additional 1,325 shares during the period. Finally, Nationwide Fund Advisors boosted its position in XO Group by 8.0% during the second quarter. Nationwide Fund Advisors now owns 18,904 shares of the specialty retailer’s stock valued at $333,000 after buying an additional 1,396 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

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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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