Insider Selling: Express EVP Unloads 9,398 Shares of Stock (EXPR)
Express (NASDAQ:EXPR) EVP Douglas Tilson sold 9,398 shares of Express stock on the open market in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $24.00, for a total transaction of $225,552.00. Following the transaction, the executive vice president now directly owns 112,573 shares in the company, valued at approximately $2,701,752. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on EXPR. Analysts at Nomura initiated coverage on shares of Express (NASDAQ:EXPR) in a research note to investors on Monday, September 9th. They set a “buy” rating and a $25.00 price target on the stock. Separately, analysts at FBR & Co. initiated coverage on shares of Express (NASDAQ:EXPR) in a research note to investors on Thursday, August 1st. They set an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Express (NASDAQ:EXPR) in a research note to investors on Thursday, August 1st. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Express presently has a consensus rating of “Buy” and a consensus target price of $22.71.
Express (NASDAQ:EXPR) traded up 2.08% on Thursday, hitting $24.05. 815,671 shares of the company’s stock traded hands. Express has a 1-year low of $10.47 and a 1-year high of $24.02. The stock’s 50-day moving average is $21.67 and its 200-day moving average is $20.34. The company has a market cap of $2.044 billion and a P/E ratio of 15.37.
Express (NASDAQ:EXPR) last announced its earnings results on Wednesday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $486.20 million for the quarter, compared to the consensus estimate of $484.99 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Express will post $1.60 earnings per share for the current fiscal year.
Express, Inc (NASDAQ:EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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