Recently, Envestnet Asset Management Inc. announced it has acquired shares of Xponential Fitness, Inc. The boutique fitness franchisor offers various health and wellness services that include pilates, barre, cycling, rowing, and yoga under several brand names like Club Pilates, Pure Barre, YogaSix, CycleBar and so on.
In the fourth quarter of the year 2020, Envestnet acquired around 9,413 shares at an estimated value of $216,000 according to its latest 13F filing with the Securities & Exchange Commission. This recent acquisition added Xponential Fitness into Envestnet’s portfolio.
Xponential Fitness seems to be keeping analysts’ attention lately. In April this year CEO Anthony Geisler sold around 81,570 shares of the company’s stock at an average price of $32.83 per share leading to a total sale value of $2,677.943.10 SEC filings reveal that CFO John P Meloun also sold nearly 3,311 shares on May 25th at an average cost of $25.20 per share worth approximately $83,437.20 in total.
Based on these recent developments in company ownership we can infer insiders have sold off their significant holding in Xponential Fitness with almost 47% of the business now being owned by outsiders.
Despite all that the future looks promising for Xponential as boutique fitness centers are gaining immense popularity amongst millennials who are health-conscious and lead busy lifestyles but still want quick yet efficient workouts within their busy schedule. With positive growth trends in its franchises worldwide – more than 1/3rd operating outside US – Xponential seems ripe for upbeat investors interested in innovative opportunities within expected growing markets hence making it an interesting prospect’ for potential stakeholders considering viable investments within the fitness industry.
Updated on: 05/06/2023
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Xponential Fitness Inc.: A Rising Star in the Fitness Industry Attracting Major Investor Interest
Xponential Fitness Inc. has been making waves in the fitness industry, attracting investment from some of the world’s largest investors and receiving favorable ratings from equities analysts. The company operates a selection of boutique fitness franchises across the United States and internationally, including Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT.
Several large investors have made changes to their positions in Xponential Fitness in recent months. Macquarie Group Ltd., for example, boosted its holdings by 23.1% during Q3 2020. American International Group Inc. grew its holdings by 23.9% during Q1 2020. MetLife Investment Management LLC increased its position by 27.3% in Q3 2020. Point72 Hong Kong Ltd acquired a new stake in Xponential Fitness during Q2 2020 worth $34,000 while Pathstone Family Office LLC lifted its holdings by 15% during Q3 2020.
Institutional investors and hedge funds now own nearly one-third of the company’s stock at approximately 28.77%. According to a consensus of equities analysts surveyed by Bloomberg, Xponential Fitness has an average rating of “Buy” with a consensus price target of $35.13.
Shares of XPOF on the NYSE opened at $25.93 on Monday with a market cap of $1.29 billion and a P/E ratio of -7.32 along with a P/E/G ratio of 2.18 and a beta rating of 1.45.
The most recent earnings report for Xponential Fitness was released on March 2nd this year which showed an impressive earnings per share figure at $0.11 for the quarter versus analyst expectations averaging at $0.03 per share estimate—resulting in strong investor confidence about the potential of this emerging fitness market leader. As a group, research analysts expect the company to post earnings per share of 0.48 for the current financial year.
Xponential Fitness has changed the way we think about fitness and workout concepts by facilitating access to boutique fitness franchises that offer specialized services in Pilates, Barre, Cycling, Yoga, and other wellness regimens. It’s no wonder investors have chosen to align with the fast-growing franchisor and take advantage of the ongoing momentum of this modernized workout structure.