Express, Inc. (EXPR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Express, Inc. (NYSE:EXPR) have received an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $9.77.
EXPR has been the topic of a number of research reports. Deutsche Bank AG upped their price target on Express from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Wednesday, May 31st. BMO Capital Markets restated a “hold” rating and set a $7.00 price target on shares of Express in a research note on Friday, June 2nd. Wolfe Research upped their price target on Express from $6.00 to $10.00 and gave the stock a “peer perform” rating in a research note on Friday, June 2nd. UBS AG restated a “sell” rating and set a $6.00 price target (down from $8.00) on shares of Express in a research note on Friday, June 2nd. Finally, MKM Partners restated a “neutral” rating and set a $7.00 price target (down from $10.00) on shares of Express in a research note on Friday, June 2nd.
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Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock valued at $91,425,000 after buying an additional 10,016,363 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Express by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock valued at $65,997,000 after buying an additional 440,448 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Express by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock valued at $60,149,000 after buying an additional 501,305 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Express during the second quarter valued at about $33,597,000. Finally, State Street Corp boosted its stake in shares of Express by 9.8% in the second quarter. State Street Corp now owns 2,612,290 shares of the company’s stock valued at $17,633,000 after buying an additional 233,124 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.
Shares of Express (NYSE EXPR) traded down 1.70% during midday trading on Friday, reaching $6.37. The company’s stock had a trading volume of 2,145,214 shares. The stock’s 50-day moving average is $6.16 and its 200-day moving average is $7.84. Express has a one year low of $5.28 and a one year high of $14.39. The company has a market capitalization of $501.87 million, a P/E ratio of 27.70 and a beta of 1.44.
Express (NYSE:EXPR) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Express had a return on equity of 4.25% and a net margin of 0.85%. The company had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts expect that Express will post $0.44 earnings per share for the current fiscal year.
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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