Express, Inc. (EXPR) Earns “Hold” Rating from BMO Capital Markets
BMO Capital Markets reiterated their hold rating on shares of Express, Inc. (NYSE:EXPR) in a research report report published on Wednesday morning. The brokerage currently has a $7.00 price objective on the stock.
EXPR has been the topic of a number of other research reports. BidaskClub raised shares of Express from a strong sell rating to a sell rating in a research report on Wednesday, August 9th. TheStreet cut shares of Express from a c rating to a d+ rating in a research report on Thursday, June 1st. Deutsche Bank AG upped their target price on shares of Express from $8.00 to $10.00 and gave the company a hold rating in a research report on Wednesday, May 31st. Zacks Investment Research cut shares of Express from a hold rating to a sell rating in a research report on Friday, June 16th. Finally, Morgan Stanley upped their target price on shares of Express from $7.50 to $10.50 and gave the company an equal weight rating in a research report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $9.25.
Shares of Express (NYSE:EXPR) traded up 1.38% during midday trading on Wednesday, hitting $6.61. 4,385,134 shares of the stock traded hands. The company’s 50 day moving average price is $6.23 and its 200-day moving average price is $7.50. The stock has a market cap of $520.78 million, a price-to-earnings ratio of 28.74 and a beta of 1.44. Express has a 12-month low of $5.28 and a 12-month high of $14.39.
Express (NYSE:EXPR) last posted its earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Express had a net margin of 0.85% and a return on equity of 4.25%. The company had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Express’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities research analysts expect that Express will post $0.44 EPS for the current year.
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Large investors have recently modified their holdings of the business. OppenheimerFunds Inc. increased its stake in Express by 42.9% during the first quarter. OppenheimerFunds Inc. now owns 179,539 shares of the company’s stock worth $1,636,000 after purchasing an additional 53,922 shares during the period. BNP Paribas Arbitrage SA increased its stake in Express by 646.5% during the second quarter. BNP Paribas Arbitrage SA now owns 390,460 shares of the company’s stock worth $2,636,000 after purchasing an additional 338,152 shares during the period. Karp Capital Management Corp purchased a new stake in Express during the first quarter worth about $132,000. Dynamic Technology Lab Private Ltd purchased a new stake in Express during the first quarter worth about $192,000. Finally, Strs Ohio increased its stake in Express by 55.6% during the second quarter. Strs Ohio now owns 110,200 shares of the company’s stock worth $743,000 after purchasing an additional 39,400 shares during the period. Institutional investors own 99.37% 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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