In recent news, Raymond James Financial Services Advisors Inc. has increased its stake in Xponential Fitness, Inc. (NYSE:XPOF) by a staggering 37.9%, according to reports filed with the Securities and Exchange Commission (SEC). The financial institution now owns over 23,000 shares of the fitness franchisor’s stock, valued at $534,000.
Xponential Fitness operates numerous boutique fitness franchises across the United States and abroad, providing wellness services such as pilates, barre, cycling, rowing and yoga under various brand names like Club Pilates and Pure Barre. The company’s fifty day moving average price is $29.85, while its 200 day moving average price stands at $26.40.
Despite lingering economic uncertainty amidst an ongoing pandemic crisis, XPOF’s opening price on Friday reached $26.33, exhibiting an uptick compared to previous days’ movement along with a notable yearly range spanning from $11.20 to $33.58.
As investors seek refuge in areas of growth that seem poised to sustain their momentum over time- such robust investment by financial institutions such as Raymond James Financial Services Advisors Inc may prove crucial in elevating the prospects of companies like Xponential Fitness in capturing investments for future growth and expansion efforts away from vicissitudes that might threaten profitability or longevity given current market conditions around the world.
The fitness industry has adapted remarkably fast to challenges manifested by new safety protocols governing public spaces amidst a global health emergency scenario; therefore , it would not be surprising if we see continued bullish interest from financial institutions towards the sector . By continuing to explore ways of creating more resiliency against external variables like this pandemic for these companies – market leaders can increase probabilities towards achieving long term prosperity while cementing their legacy which only benefits investors willing enough to take positions in companies capable of navigating difficult times whilst maintaining exceptional performance standards even when odds seem stacked against them.
Xponential Fitness, Inc.
Updated on: 02/03/2024
Debt to equity ratio: Strong Sell
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Sell
DCF: Strong Sell
ROE: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
Xponential Fitness Gains Attention from Institutional Investors Despite COVID-19 Challenges
Xponential Fitness, Inc. has recently gained the attention of institutional investors with some recent additions and reductions of their stake in the company. Companies such as Federated Hermes Inc., Ophir Asset Management Pty Ltd, and BlackRock Inc. have all raised their stakes during the third quarter of 2020. Vanguard Group has also grown its stake in the company by almost 19% during the same period. On the other hand, Lisanti Capital Growth LLC reduced its position by almost half this year through sales of Xponential’s shares.
In addition to these investor movements, CEO, Anthony Geisler recently sold some shares of Xponential Fitness’ stock in a transaction that amounted to approximately $341,765.16. The insider sale also saw CFO John P. Meloun sell over $83k worth of shares.
Xponential Fitness is a boutique fitness franchisor that operates across different brands such as Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble AKT among others.
Despite the challenges brought on by COVID-19 in 2020 with gym closures and quarantining measures taking place worldwide resulting in fewer clients for fitness classes; Xponential still managed to exceed expectations for Q1 posting an earnings per share (EPS) of $0.11 versus estimated EPS of $0.03 according to analysts on average surveyed by Refinitiv IBES data found by Nasdaq.com
The balance sheet remains strong with analysts predicting that Xponential will post earnings per share of $0.48 within the year which could explain Piper Sandler lifting their price target on XPOF from $36 to $42 last May.
Several brokerages have issued reports on XPOF with a consensus buy rating due mainly because of its unique franchises’ successful business model that appeals to consumers looking beyond traditional gyms for better quality offerings and experiences compared to conventional big box fitness centers.