Express, Inc. (EXPR) Receives Consensus Recommendation of “Hold” from Analysts
Express, Inc. (NYSE:EXPR) has earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $9.77.
A number of research firms recently weighed in on EXPR. UBS AG restated a “sell” rating and issued a $6.00 price target (down previously from $8.00) on shares of Express in a research note on Friday, June 2nd. BidaskClub upgraded Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. BMO Capital Markets set a $7.00 price target on Express and gave the company a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Express from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, MKM Partners restated a “neutral” rating and issued a $7.00 price target (down previously from $10.00) on shares of Express in a research note on Friday, June 2nd.
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Express (EXPR) opened at 6.56 on Friday. The company has a market cap of $516.84 million, a price-to-earnings ratio of 28.52 and a beta of 1.44. Express has a 52-week low of $5.28 and a 52-week high of $14.39. The firm’s 50-day moving average price is $6.13 and its 200-day moving average price is $7.97.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Express had a return on equity of 4.25% and a net margin of 0.85%. The business had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. During the same quarter in the prior year, the business earned $0.13 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities analysts anticipate that Express will post $0.43 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of EXPR. State of Alaska Department of Revenue raised its stake in Express by 77.6% in 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. Piedmont Investment Advisors LLC bought a new stake in Express during the second quarter valued at about $114,000. Fox Run Management L.L.C. bought a new stake in Express during the second quarter valued at about $119,000. Municipal Employees Retirement System of Michigan raised its stake in Express by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock valued at $125,000 after buying an additional 620 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new stake in Express during the first quarter valued at about $131,000. Hedge funds and other institutional investors own 91.81% 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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