Northern Trust Corp increased its position in shares of XO Group, Inc. (NYSE:XOXO) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 344,451 shares of the specialty retailer’s stock after buying an additional 7,289 shares during the period. Northern Trust Corp owned about 1.33% of XO Group worth $11,023,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Advisors Preferred LLC bought a new stake in XO Group during the second quarter valued at about $178,000. Piedmont Investment Advisors LLC bought a new stake in XO Group during the second quarter valued at about $182,000. ClariVest Asset Management LLC bought a new stake in XO Group during the second quarter valued at about $218,000. Cubist Systematic Strategies LLC bought a new stake in XO Group during the second quarter valued at about $222,000. Finally, SG Americas Securities LLC bought a new stake in XO Group during the second quarter valued at about $245,000. Hedge funds and other institutional investors own 86.88% of the company’s stock.
Shares of NYSE XOXO opened at $34.45 on Friday. The stock has a market capitalization of $896.58 million, a price-to-earnings ratio of 88.33 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 issued its quarterly earnings results on Thursday, November 1st. The specialty retailer reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $43.06 million during the quarter, compared to the consensus estimate of $42.79 million. XO Group had a return on equity of 9.17% and a net margin of 8.17%. Sell-side analysts forecast that XO Group, Inc. will post 0.66 EPS for the current year.
A number of equities research analysts recently weighed in on XOXO shares. Aegis reaffirmed a “hold” rating and set a $34.00 price objective on shares of XO Group in a research report on Thursday, September 27th. ValuEngine downgraded XO Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 18th. B. Riley downgraded XO Group from a “buy” rating to a “neutral” rating and raised their price objective for the company from $32.00 to $35.00 in a research report on Wednesday, September 26th. Roth Capital dropped their price objective on XO Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 31st. Finally, Zacks Investment Research raised XO Group from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.50.
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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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