Wall Street Zen upgraded shares of XPEL (NASDAQ:XPEL - Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.
XPEL Stock Performance
Shares of XPEL stock traded up $0.26 on Friday, hitting $36.38. The stock had a trading volume of 298,809 shares, compared to its average volume of 198,840. The stock has a 50 day moving average of $33.79 and a 200 day moving average of $35.96. The firm has a market capitalization of $1.01 billion, a P/E ratio of 21.27 and a beta of 1.85. XPEL has a twelve month low of $24.25 and a twelve month high of $48.58.
XPEL (NASDAQ:XPEL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.06. The business had revenue of $103.81 million during the quarter, compared to the consensus estimate of $97.40 million. XPEL had a return on equity of 21.89% and a net margin of 10.92%. XPEL's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. Equities analysts expect that XPEL will post 1.73 earnings per share for the current year.
XPEL declared that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.
Institutional Investors Weigh In On XPEL
A number of institutional investors have recently modified their holdings of XPEL. Rhumbline Advisers lifted its holdings in XPEL by 0.6% in the first quarter. Rhumbline Advisers now owns 63,606 shares of the company's stock valued at $1,869,000 after buying an additional 389 shares during the period. Intech Investment Management LLC lifted its stake in shares of XPEL by 102.8% in the 1st quarter. Intech Investment Management LLC now owns 76,624 shares of the company's stock valued at $2,251,000 after purchasing an additional 38,832 shares during the period. Jane Street Group LLC boosted its position in shares of XPEL by 177.4% during the 1st quarter. Jane Street Group LLC now owns 29,905 shares of the company's stock valued at $879,000 after purchasing an additional 19,126 shares in the last quarter. SCS Capital Management LLC bought a new stake in shares of XPEL during the 1st quarter valued at about $51,460,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in XPEL by 12.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 62,214 shares of the company's stock worth $1,828,000 after purchasing an additional 7,099 shares during the period. 75.08% of the stock is owned by institutional investors.
About XPEL
(
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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.
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