Shares of Express, Inc. (NYSE:EXPR) have been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $8.77.
EXPR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Express from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research report on Tuesday, October 24th. BidaskClub upgraded shares of Express from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. BMO Capital Markets reiterated a “hold” rating and issued a $7.00 price target on shares of Express in a research report on Thursday, November 2nd. TheStreet upgraded shares of Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $6.00 price target on shares of Express in a research report on Monday, October 2nd.
Express (NYSE:EXPR) opened at $7.53 on Tuesday. Express has a 52-week low of $5.28 and a 52-week high of $11.69. The stock has a market cap of $587.12, a PE ratio of 47.07 and a beta of 1.55.
Express announced that its board has initiated a share repurchase program on Thursday, November 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new stake in Express during the 2nd quarter worth approximately $114,000. Public Employees Retirement System of Ohio increased its stake in Express by 29.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after purchasing an additional 4,722 shares in the last quarter. Gotham Asset Management LLC bought a new stake in Express during the 2nd quarter worth approximately $148,000. Acadian Asset Management LLC bought a new stake in Express during the 4th quarter worth approximately $228,000. Finally, Virtu KCG Holdings LLC bought a new stake in Express during the 2nd quarter worth approximately $177,000. 98.96% of the stock is owned by institutional investors and hedge funds.
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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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