Express Inc. (EXPR) Given Average Recommendation of “Hold” by Analysts
Shares of Express Inc. (NYSE:EXPR) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are covering the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.33.
A number of research firms have commented on EXPR. CL King downgraded Express from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 24th. Zacks Investment Research upgraded Express from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Mizuho reduced their target price on Express from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, August 24th. Deutsche Bank AG downgraded Express from a “buy” rating to a “hold” rating and reduced their target price for the company from $19.00 to $12.00 in a research report on Wednesday, August 24th. Finally, Nomura restated a “buy” rating and issued a $14.00 target price on shares of Express in a research report on Tuesday, September 27th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Express by 486.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,548 shares of the company’s stock valued at $113,000 after buying an additional 7,919 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Express during the second quarter valued at approximately $114,000. Capital Fund Management S.A. bought a new position in Express during the third quarter valued at approximately $136,000. US Bancorp DE boosted its position in Express by 23.2% in the second quarter. US Bancorp DE now owns 10,052 shares of the company’s stock valued at $146,000 after buying an additional 1,896 shares during the last quarter. Finally, Phoenix Investment Adviser LLC bought a new position in Express during the third quarter valued at approximately $147,000. 95.45% of the stock is owned by hedge funds and other institutional investors.
Express (NYSE:EXPR) traded up 0.35% during trading on Thursday, hitting $14.14. The stock had a trading volume of 907,698 shares. The firm has a 50 day moving average of $12.35 and a 200-day moving average of $13.85. Express has a one year low of $11.28 and a one year high of $21.57. The company has a market cap of $1.11 billion, a P/E ratio of 10.94 and a beta of 1.59.
Express (NYSE:EXPR) last released its quarterly earnings data on Wednesday, August 24th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.04. The company had revenue of $504.80 million for the quarter, compared to analyst estimates of $520.81 million. Express had a return on equity of 18.62% and a net margin of 4.55%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. Equities analysts anticipate that Express will post $1.05 earnings per share for the current fiscal year.
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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