Express, Inc. (EXPR) Upgraded at Zacks Investment Research
Express, Inc. (NYSE:EXPR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $7.75 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 9.15% from the company’s current price.
According to Zacks, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio. “
A number of other equities research analysts also recently issued reports on EXPR. BMO Capital Markets set a $7.00 price target on Express and gave the company a “hold” rating in a research note on Thursday, July 6th. BidaskClub downgraded Express from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. FBR & Co restated a “hold” rating and set a $7.00 price target on shares of Express in a research note on Friday, September 29th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $6.00 price target on shares of Express in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Express has a consensus rating of “Hold” and a consensus price target of $8.20.
Express (NYSE EXPR) traded up 2.90% during midday trading on Tuesday, reaching $7.10. 2,689,090 shares of the company’s stock traded hands. Express has a one year low of $5.28 and a one year high of $14.39. The stock’s 50 day moving average price is $6.54 and its 200-day moving average price is $6.94. The stock has a market cap of $559.38 million, a PE ratio of 30.87 and a beta of 1.47.
Express (NYSE:EXPR) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $478.50 million during the quarter, compared to the consensus estimate of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. Equities analysts predict that Express will post $0.43 earnings per share for the current year.
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Several large investors have recently made changes to their positions in EXPR. UBS Asset Management Americas Inc. grew its stake in shares of Express by 121.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 48,670 shares of the company’s stock valued at $443,000 after acquiring an additional 26,677 shares during the period. Karp Capital Management Corp bought a new position in shares of Express during the 1st quarter valued at approximately $132,000. Mason Street Advisors LLC grew its stake in shares of Express by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock valued at $167,000 after acquiring an additional 1,202 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Express by 5.8% during the 1st quarter. JPMorgan Chase & Co. now owns 475,893 shares of the company’s stock valued at $4,336,000 after acquiring an additional 25,995 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Express by 1.2% during the 1st quarter. Arizona State Retirement System now owns 40,900 shares of the company’s stock valued at $373,000 after acquiring an additional 500 shares during the period. Institutional investors own 99.35% of the company’s stock.
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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