Brokerages Set Express Inc. (EXPR) PT at $15.33
Shares of Express Inc. (NYSE:EXPR) have received an average recommendation of “Hold” from the nineteen brokerages that are covering the firm. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.33.
A number of research firms have issued reports on EXPR. Zacks Investment Research downgraded Express from a “hold” rating to a “sell” rating in a research report on Monday, August 8th. CL King downgraded Express from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 24th. BlueFin Research reissued a “market perform” rating and set a $20.00 price target on shares of Express in a research report on Wednesday, August 17th. MKM Partners lowered their price target on Express from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, August 25th. Finally, Wedbush downgraded Express from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $12.00 in a research report on Wednesday, August 24th.
Shares of Express (NYSE:EXPR) opened at 12.18 on Wednesday. Express has a 12 month low of $11.28 and a 12 month high of $21.57. The stock’s 50 day moving average price is $11.99 and its 200 day moving average price is $15.10. The firm has a market cap of $959.75 million, a price-to-earnings ratio of 9.42 and a beta of 1.56.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.04. Express had a net margin of 4.55% and a return on equity of 18.62%. The firm had revenue of $504.80 million for the quarter, compared to analysts’ expectations of $520.81 million. During the same period last year, the firm posted $0.25 EPS. Express’s revenue was down 5.8% on a year-over-year basis. Equities research analysts predict that Express will post $1.05 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. purchased a new stake in shares of Express during the second quarter valued at about $114,000. US Bancorp DE boosted its stake in shares of Express by 23.2% in the second quarter. US Bancorp DE now owns 10,052 shares of the company’s stock worth $146,000 after buying an additional 1,896 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Express by 11.1% in the second quarter. Teacher Retirement System of Texas now owns 10,396 shares of the company’s stock worth $151,000 after buying an additional 1,036 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Express during the first quarter worth $173,000. Finally, Mason Street Advisors LLC bought a new stake in shares of Express during the second quarter worth $194,000. Hedge funds and other institutional investors own 99.34% 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, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions.
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