Zacks Investment Research upgraded shares of Express (NYSE:EXPR) from a hold rating to a buy rating in a research report released on Tuesday morning. They currently have $10.00 price objective on the stock.

According to Zacks, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio. “

Several other analysts have also recently weighed in on the company. BidaskClub raised Express from a sell rating to a hold rating in a research report on Wednesday, October 25th. BMO Capital Markets reissued a hold rating and issued a $7.00 price target on shares of Express in a research report on Wednesday, September 13th. TheStreet raised Express from a d+ rating to a c- rating in a research report on Thursday, November 16th. SunTrust Banks reissued a hold rating and issued a $6.00 price target on shares of Express in a research report on Monday, October 2nd. Finally, B. Riley boosted their price target on Express from $7.00 to $9.00 and gave the stock a neutral rating in a research report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Express has a consensus rating of Hold and an average target price of $9.04.

Express (EXPR) traded up $0.12 during trading on Tuesday, reaching $7.49. The company’s stock had a trading volume of 6,459,000 shares, compared to its average volume of 6,507,517. The company has a market cap of $586.29, a PE ratio of 46.81 and a beta of 1.55. Express has a fifty-two week low of $5.28 and a fifty-two week high of $11.69.

Express (NYSE:EXPR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $498.70 million for the quarter, compared to analysts’ expectations of $487.38 million. Express had a return on equity of 3.97% and a net margin of 1.26%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. research analysts forecast that Express will post 0.47 earnings per share for the current fiscal year.

Express announced that its Board of Directors has approved a share repurchase program on Thursday, November 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently made changes to their positions in EXPR. Schwab Charles Investment Management Inc. raised its holdings in Express by 37.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 880,957 shares of the company’s stock worth $5,947,000 after acquiring an additional 238,804 shares during the last quarter. Legal & General Group Plc raised its holdings in Express by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 194,836 shares of the company’s stock worth $1,314,000 after acquiring an additional 9,571 shares during the last quarter. Federated Investors Inc. PA raised its holdings in Express by 17.9% in the 2nd quarter. Federated Investors Inc. PA now owns 238,672 shares of the company’s stock worth $1,611,000 after acquiring an additional 36,165 shares during the last quarter. Swiss National Bank raised its holdings in Express by 15.0% in the 2nd quarter. Swiss National Bank now owns 130,700 shares of the company’s stock worth $882,000 after acquiring an additional 17,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Express by 41.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 675,299 shares of the company’s stock worth $4,558,000 after acquiring an additional 199,406 shares during the last quarter. Institutional investors own 99.08% of the company’s stock.

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About Express

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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