BMO Capital Markets Reiterates Hold Rating for Express, Inc. (EXPR)
Express, Inc. (NYSE:EXPR)‘s stock had its “hold” rating reaffirmed by BMO Capital Markets in a research report issued to clients and investors on Thursday. They currently have a $7.00 price objective on the stock. BMO Capital Markets’ target price suggests a potential upside of 3.40% from the company’s current price.
Several other brokerages have also recently issued reports on EXPR. BidaskClub raised Express from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised Express from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research report on Tuesday, October 24th. FBR & Co reaffirmed a “hold” rating and set a $7.00 target price on shares of Express in a research report on Friday, September 29th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $6.00 target price on shares of Express in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $8.20.
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 Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The company 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%. Express’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share.
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Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock valued at $91,425,000 after buying an additional 10,016,363 shares during the period. Vanguard Group Inc. raised its stake in shares of Express by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock valued at $65,997,000 after buying an additional 440,448 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Express by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock valued at $60,149,000 after buying an additional 501,305 shares during the period. BlackRock Fund Advisors raised its stake in shares of Express by 17.8% in the third quarter. BlackRock Fund Advisors now owns 5,437,757 shares of the company’s stock valued at $64,111,000 after buying an additional 821,802 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in shares of Express in the second quarter valued at $33,597,000. Hedge funds and other institutional investors own 99.77% 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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