Goldman Sachs Group Inc. Has $1.14 Million Stake in XO Group, Inc. (XOXO)
Goldman Sachs Group Inc. raised its position in XO Group, Inc. (NYSE:XOXO) by 21.8% during the first quarter, Holdings Channel reports. The fund owned 66,075 shares of the specialty retailer’s stock after buying an additional 11,817 shares during the period. Goldman Sachs Group Inc.’s holdings in XO Group were worth $1,137,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in XOXO. Russell Investments Group Ltd. acquired a new position in XO Group during the fourth quarter worth approximately $225,000. Highbridge Capital Management LLC increased its position in XO Group by 78.1% in the fourth quarter. Highbridge Capital Management LLC now owns 27,661 shares of the specialty retailer’s stock worth $538,000 after buying an additional 12,130 shares during the last quarter. Thrivent Financial for Lutherans increased its position in XO Group by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,420 shares of the specialty retailer’s stock worth $261,000 after buying an additional 820 shares during the last quarter. First Midwest Bank Trust Division increased its position in XO Group by 3.6% in the first quarter. First Midwest Bank Trust Division now owns 21,630 shares of the specialty retailer’s stock worth $372,000 after buying an additional 747 shares during the last quarter. Finally, Comerica Bank increased its position in XO Group by 3.3% in the first quarter. Comerica Bank now owns 27,415 shares of the specialty retailer’s stock worth $485,000 after buying an additional 876 shares during the last quarter. 83.50% of the stock is owned by institutional investors.
Shares of XO Group, Inc. (NYSE:XOXO) traded down 1.30% during midday trading on Friday, hitting $18.17. 32,039 shares of the company were exchanged. XO Group, Inc. has a one year low of $14.99 and a one year high of $20.99. The company has a 50-day moving average of $17.98 and a 200 day moving average of $17.61. The company has a market capitalization of $453.49 million, a P/E ratio of 64.89 and a beta of 0.94.
XO Group (NYSE:XOXO) last posted its quarterly earnings data on Monday, July 31st. The specialty retailer reported $0.11 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. XO Group had a net margin of 4.55% and a return on equity of 4.71%. The business had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $41.51 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. XO Group’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that XO Group, Inc. will post $0.33 earnings per share for the current fiscal year.
XOXO has been the subject of a number of analyst reports. ValuEngine raised shares of XO Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of XO Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Roth Capital set a $21.00 price objective on shares of XO Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. BidaskClub downgraded shares of XO Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, B. Riley reaffirmed a “neutral” rating and set a $16.75 price objective on shares of XO Group in a report on Sunday, August 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $20.15.
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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