Express Inc. (EXPR) Receives Consensus Rating of “Hold” from Analysts
Express Inc. (NYSE:EXPR) has received an average rating of “Hold” from the nineteen analysts that are currently covering the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.33.
A number of brokerages recently issued reports on EXPR. CL King lowered shares of Express from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 24th. Mizuho dropped their price target on shares of Express from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, August 24th. Wedbush lowered shares of Express from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $12.00 in a research note on Wednesday, August 24th. Deutsche Bank AG lowered shares of Express from a “buy” rating to a “hold” rating and dropped their price target for the stock from $19.00 to $12.00 in a research note on Wednesday, August 24th. Finally, Piper Jaffray Cos. lowered shares of Express from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 24th.
Large investors have recently bought and sold shares of the company. Prudential Financial Inc. increased its stake in Express by 612.3% in the second quarter. Prudential Financial Inc. now owns 2,700,171 shares of the company’s stock valued at $39,180,000 after buying an additional 2,321,080 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Express during the first quarter worth $33,517,000. TIAA CREF Investment Management LLC increased its stake in shares of Express by 285.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,883,415 shares of the company’s stock worth $40,324,000 after buying an additional 1,394,451 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Express during the second quarter worth $13,115,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Express by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,210,776 shares of the company’s stock worth $61,098,000 after buying an additional 479,749 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
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Shares of Express (NYSE:EXPR) traded up 1.35% during mid-day trading on Wednesday, reaching $12.72. 306,435 shares of the company were exchanged. Express has a 12 month low of $11.28 and a 12 month high of $21.57. The company’s 50-day moving average is $12.06 and its 200 day moving average is $15.20. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 9.84 and a beta of 1.56.
Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $504.80 million for the quarter, compared to analysts’ expectations of $520.81 million. Express had a net margin of 4.55% and a return on equity of 18.62%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. Analysts predict that Express will post $1.05 EPS for the current year.
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions.
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