Xponential Fitness, Inc. $XPOF Shares Bought by Kanen Wealth Management LLC

Kanen Wealth Management LLC increased its position in Xponential Fitness, Inc. (NYSE:XPOF) by 426.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 845,922 shares of the company’s stock after buying an additional 685,149 shares during the period. Xponential Fitness comprises 1.8% of Kanen Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Kanen Wealth Management LLC’s holdings in Xponential Fitness were worth $5,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Voss Capital LP grew its stake in Xponential Fitness by 86.7% in the 4th quarter. Voss Capital LP now owns 6,033,653 shares of the company’s stock worth $49,657,000 after acquiring an additional 2,801,153 shares during the period. Citizens Business Bank purchased a new position in shares of Xponential Fitness during the 1st quarter worth $12,040,000. Vanguard Group Inc. boosted its holdings in shares of Xponential Fitness by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,554,023 shares of the company’s stock worth $12,106,000 after purchasing an additional 4,495 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Xponential Fitness by 8.1% in the third quarter. Ameriprise Financial Inc. now owns 1,463,682 shares of the company’s stock valued at $11,402,000 after purchasing an additional 109,432 shares during the period. Finally, Nomura Holdings Inc. grew its position in shares of Xponential Fitness by 8.8% in the third quarter. Nomura Holdings Inc. now owns 1,412,218 shares of the company’s stock valued at $11,001,000 after purchasing an additional 114,389 shares during the period. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Xponential Fitness Price Performance

Xponential Fitness stock opened at $6.72 on Wednesday. The company has a market cap of $330.67 million, a price-to-earnings ratio of -4.87 and a beta of 1.07. Xponential Fitness, Inc. has a 12 month low of $3.83 and a 12 month high of $10.82. The stock’s 50-day moving average is $6.37 and its 200-day moving average is $6.73.

Xponential Fitness (NYSE:XPOF) last issued its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.15). The firm had revenue of $60.71 million for the quarter, compared to analysts’ expectations of $63.75 million. Xponential Fitness had a negative return on equity of 3.40% and a negative net margin of 11.28%.The firm’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS. Research analysts anticipate that Xponential Fitness, Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

XPOF has been the topic of several recent analyst reports. Zacks Research upgraded Xponential Fitness from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Roth Capital set a $7.00 price target on Xponential Fitness in a report on Friday, May 8th. Lake Street Capital downgraded shares of Xponential Fitness from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Xponential Fitness from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Finally, Northland Securities raised shares of Xponential Fitness from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.44.

Xponential Fitness Company Profile

Xponential Fitness is a leading franchisor and operator of boutique fitness studios headquartered in Irvine, California. The company specializes in developing, marketing, and supporting a portfolio of fitness brands that deliver low-impact cardio, strength training, and mindful movement workouts. Through its asset-light franchise model, Xponential provides entrepreneurs with proprietary studio designs, branded equipment, digital support, and comprehensive training programs to ensure consistent member experiences.

Its portfolio comprises core brands such as Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, Rumble, AKT, and STRIDE.