Express, Inc. (EXPR) Receives Average Rating of “Hold” from Brokerages
Shares of Express, Inc. (NYSE:EXPR) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $8.80.
Several research firms recently issued reports on EXPR. ValuEngine upgraded Express from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Zacks Investment Research upgraded Express from a “strong sell” rating to a “hold” rating in a research report on Monday, May 21st. SunTrust Banks increased their target price on Express from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Thursday, July 12th. B. Riley increased their target price on Express from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Finally, Wedbush began coverage on Express in a research report on Thursday, May 10th. They set a “neutral” rating and a $9.00 target price for the company.
NYSE:EXPR opened at $11.48 on Wednesday. Express has a 12-month low of $5.82 and a 12-month high of $11.51. The stock has a market cap of $836.16 million, a P/E ratio of 31.89 and a beta of 0.90.
In other Express news, EVP James A. Hilt sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $9.41, for a total transaction of $103,510.00. Following the completion of the transaction, the executive vice president now owns 102,557 shares in the company, valued at approximately $965,061.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC grew its holdings in Express by 150.1% during the 2nd quarter. Spark Investment Management LLC now owns 1,102,000 shares of the company’s stock valued at $10,083,000 after buying an additional 661,400 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Express by 13.5% during the 1st quarter. Wells Fargo & Company MN now owns 132,292 shares of the company’s stock valued at $947,000 after buying an additional 15,767 shares in the last quarter. Alps Advisors Inc. purchased a new position in Express during the 1st quarter valued at approximately $569,000. Massachusetts Financial Services Co. MA grew its holdings in Express by 18.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 499,484 shares of the company’s stock valued at $3,576,000 after buying an additional 76,573 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new position in Express during the 2nd quarter valued at approximately $12,679,000.
Express Company Profile
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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