XPEL (NASDAQ:XPEL) Downgraded to "Hold" Rating by Wall Street Zen

Wall Street Zen cut shares of XPEL (NASDAQ:XPEL - Free Report) from a buy rating to a hold rating in a report issued on Thursday.

XPEL Stock Up 3.8%

NASDAQ XPEL traded up $1.32 on Thursday, reaching $35.81. 60,193 shares of the stock traded hands, compared to its average volume of 205,330. The firm's fifty day simple moving average is $30.80 and its 200 day simple moving average is $37.10. The company has a market cap of $990.55 million, a price-to-earnings ratio of 20.48 and a beta of 1.83. XPEL has a 12 month low of $24.25 and a 12 month high of $48.58.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.06. The firm had revenue of $103.81 million during the quarter, compared to analyst estimates of $97.40 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. As a group, equities research analysts forecast that XPEL will post 1.73 EPS for the current fiscal year.

XPEL declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On XPEL

A number of institutional investors and hedge funds have recently modified their holdings of XPEL. Barclays PLC lifted its position in shares of XPEL by 79.5% during the 3rd quarter. Barclays PLC now owns 78,646 shares of the company's stock valued at $3,411,000 after acquiring an additional 34,830 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of XPEL by 90.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 44,164 shares of the company's stock valued at $1,915,000 after acquiring an additional 20,918 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of XPEL during the 4th quarter valued at $1,113,000. Laurus Investment Counsel Inc. lifted its position in shares of XPEL by 29.5% during the 4th quarter. Laurus Investment Counsel Inc. now owns 46,530 shares of the company's stock valued at $1,858,000 after acquiring an additional 10,600 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. lifted its position in shares of XPEL by 4.9% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 537,000 shares of the company's stock valued at $21,448,000 after acquiring an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company's stock.

XPEL Company Profile

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.