Express, Inc. (EXPR) Receives “Hold” Rating from FBR & Co
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Express from a hold rating to a sell rating in a report on Friday, June 16th. BidaskClub cut shares of Express from a sell rating to a strong sell rating in a report on Tuesday, July 11th. TheStreet cut shares of Express from a c rating to a d+ rating in a report on Thursday, June 1st. Wolfe Research raised their target price on shares of Express from $6.00 to $10.00 and gave the stock a peer perform rating in a report on Friday, June 2nd. Finally, Morgan Stanley raised their target price on shares of Express from $7.50 to $10.50 and gave the stock an equal weight rating in a report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $8.50.
Shares of Express (NYSE EXPR) traded down 0.29% during midday trading on Friday, hitting $6.76. 1,215,216 shares of the stock were exchanged. The firm’s 50-day moving average is $6.26 and its 200-day moving average is $7.38. Express has a 12 month low of $5.28 and a 12 month high of $14.39. The stock has a market cap of $532.59 million, a price-to-earnings ratio of 29.39 and a beta of 1.44.
Express (NYSE:EXPR) last issued its earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Express had a net margin of 0.85% and a return on equity of 4.25%. The firm had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $474.11 million. During the same quarter last year, the company posted $0.13 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that Express will post $0.44 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd acquired a new stake in Express during the first quarter valued at $131,000. Karp Capital Management Corp acquired a new stake in Express during the first quarter valued at $132,000. State of Alaska Department of Revenue grew its position in Express by 77.6% during the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock valued at $103,000 after buying an additional 6,711 shares during the period. Public Employees Retirement System of Ohio grew its position in Express by 21.1% during the first quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock valued at $146,000 after buying an additional 2,795 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new stake in Express during the second quarter valued at $114,000. Institutional investors own 99.23% of the company’s stock.
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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