Express, Inc. (EXPR) Rating Increased to C- at TheStreet
Express, Inc. (NYSE:EXPR) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a report issued on Thursday.
Several other analysts have also weighed in on the company. Zacks Investment Research upgraded Express from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Tuesday, October 24th. BMO Capital Markets restated a “hold” rating and issued a $7.00 price objective on shares of Express in a report on Wednesday, September 13th. BidaskClub upgraded Express from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $6.00 target price on shares of Express in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $8.20.
Shares of Express (NYSE EXPR) traded up $0.53 during trading on Thursday, hitting $7.71. The stock had a trading volume of 2,570,000 shares, compared to its average volume of 2,090,000. The firm has a market capitalization of $653.32, a price-to-earnings ratio of 20.09 and a beta of 1.33. Express has a twelve month low of $5.28 and a twelve month high of $14.39.
Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $478.50 million during the quarter, compared to analyst estimates of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. research analysts expect that Express will post 0.45 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in EXPR. State of Alaska Department of Revenue lifted its stake in Express by 77.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after acquiring an additional 6,711 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Express in the 2nd quarter worth about $114,000. Fox Run Management L.L.C. purchased a new stake in Express in the 2nd quarter worth about $119,000. Municipal Employees Retirement System of Michigan lifted its stake in Express by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after acquiring an additional 620 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Express by 29.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after acquiring an additional 4,722 shares in the last quarter. 99.14% of the stock is owned by hedge funds and other institutional investors.
Express Company Profile
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.
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