SunTrust Banks, Inc. Reaffirms “Hold” Rating for Express, Inc. (EXPR)
A number of other research analysts have also recently weighed in on EXPR. Morgan Stanley lifted their price objective on shares of Express from $7.50 to $10.50 and gave the company an equal weight rating in a report on Wednesday, June 14th. BMO Capital Markets set a $7.00 price objective on shares of Express and gave the company a hold rating in a report on Thursday, July 6th. BidaskClub cut shares of Express from a sell rating to a strong sell rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Express from a sell rating to a hold rating in a report on Tuesday, August 15th. Finally, FBR & Co restated a hold rating and issued a $7.00 price objective on shares of Express in a report on Friday, September 29th. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock has a consensus rating of Hold and an average target price of $8.25.
Shares of Express (NYSE EXPR) opened at 6.96 on Monday. Express has a 12 month low of $5.28 and a 12 month high of $14.39. The company has a 50-day moving average price of $6.43 and a 200-day moving average price of $7.16. The company has a market capitalization of $548.35 million, a price-to-earnings ratio of 30.26 and a beta of 1.47.
Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $474.11 million. Express had a net margin of 0.85% and a return on equity of 4.25%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. On average, equities analysts anticipate that Express will post $0.44 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its stake in Express by 77.6% in the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after acquiring an additional 6,711 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Express during the 2nd quarter worth approximately $114,000. Fox Run Management L.L.C. purchased a new stake in shares of Express during the 2nd quarter worth approximately $119,000. Municipal Employees Retirement System of Michigan lifted its position in shares of Express by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after buying an additional 620 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Express during the 1st quarter worth approximately $131,000. Institutional investors own 99.23% 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. 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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