Express, Inc. (EXPR) PT Raised to $10.50
Express, Inc. (NYSE:EXPR) had its price objective boosted by Morgan Stanley from $7.50 to $10.50 in a research report issued on Wednesday. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 53.06% from the company’s current price.
Several other brokerages have also recently commented on EXPR. MKM Partners reaffirmed a “neutral” rating and set a $10.00 price objective (down previously from $11.00) on shares of Express in a research note on Monday, March 13th. Wedbush reissued a “neutral” rating and issued a $9.00 price target (down previously from $11.00) on shares of Express in a research note on Saturday, March 11th. Mizuho cut shares of Express from a “buy” rating to a “neutral” rating and cut their price target for the stock from $15.00 to $10.00 in a research note on Thursday, March 9th. FBR & Co reissued a “hold” rating and issued a $9.00 price target on shares of Express in a research note on Wednesday, March 15th. Finally, Deutsche Bank AG boosted their price target on shares of Express from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.05.
Express (NYSE:EXPR) opened at 6.86 on Wednesday. The company has a 50-day moving average of $7.87 and a 200-day moving average of $9.71. Express has a 52 week low of $5.96 and a 52 week high of $16.38. The firm has a market cap of $538.13 million, a price-to-earnings ratio of 13.45 and a beta of 1.41.
Express (NYSE:EXPR) last posted its earnings results on Thursday, June 1st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.05. The business had revenue of $467.03 million during the quarter, compared to analysts’ expectations of $468 million. Express had a return on equity of 5.83% and a net margin of 1.85%. Express’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. Equities research analysts forecast that Express will post $0.43 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in Express during the fourth quarter worth approximately $7,084,000. Comerica Bank raised its stake in Express by 5.6% in the fourth quarter. Comerica Bank now owns 83,327 shares of the company’s stock worth $895,000 after buying an additional 4,390 shares in the last quarter. State Street Corp raised its stake in Express by 6.3% in the fourth quarter. State Street Corp now owns 2,240,748 shares of the company’s stock worth $24,114,000 after buying an additional 133,474 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Express by 23.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,101,160 shares of the company’s stock worth $65,649,000 after buying an additional 1,143,914 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in Express by 23.4% in the fourth quarter. Martingale Asset Management L P now owns 119,874 shares of the company’s stock worth $1,290,000 after buying an additional 22,759 shares in the last quarter. Institutional investors own 98.21% 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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