Shares of Express, Inc. (NYSE:EXPR) have been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.25.

Several brokerages have recently commented on EXPR. Deutsche Bank AG increased their price objective on Express from $8.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, May 31st. Zacks Investment Research lowered Express from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Morgan Stanley increased their price objective on Express from $7.50 to $10.50 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. BidaskClub upgraded Express from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, BMO Capital Markets set a $7.00 price objective on Express and gave the company a “hold” rating in a report on Tuesday, August 8th.

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Hedge funds have recently modified their holdings of the stock. OppenheimerFunds Inc. raised its stake in Express by 42.9% in the 1st quarter. OppenheimerFunds Inc. now owns 179,539 shares of the company’s stock worth $1,636,000 after acquiring an additional 53,922 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Express by 646.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 390,460 shares of the company’s stock worth $2,636,000 after acquiring an additional 338,152 shares during the last quarter. Karp Capital Management Corp purchased a new position in Express in the 1st quarter worth $132,000. Dynamic Technology Lab Private Ltd purchased a new position in Express in the 1st quarter worth $192,000. Finally, Airain ltd purchased a new position in Express in the 2nd quarter worth $1,544,000. Institutional investors own 99.23% of the company’s stock.

Express (EXPR) opened at 6.57 on Wednesday. The stock has a market cap of $517.62 million, a PE ratio of 28.57 and a beta of 1.44. The stock has a 50 day moving average price of $6.26 and a 200 day moving average price of $7.38. Express has a 1-year low of $5.28 and a 1-year high of $14.39.

Express (NYSE:EXPR) last announced its earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. On average, analysts predict that Express will post $0.44 EPS for the current fiscal year.

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.

Analyst Recommendations for Express (NYSE:EXPR)

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