Express (EXPR) Price Target Lowered to $5.00 at Wedbush
Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Express from a hold rating to a sell rating in a research note on Wednesday, March 6th. ValuEngine upgraded Express from a strong sell rating to a sell rating in a research note on Sunday, March 3rd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $6.75.
NYSE:EXPR opened at $4.30 on Thursday. The firm has a market capitalization of $294.68 million, a PE ratio of 11.94 and a beta of 1.12. Express has a one year low of $4.22 and a one year high of $11.69.
In other news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $5.36, for a total value of $1,288,678.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.
Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Express by 204.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,245,987 shares of the company’s stock worth $13,781,000 after buying an additional 836,893 shares in the last quarter. Man Group plc purchased a new stake in Express in the 3rd quarter worth $262,000. Teachers Advisors LLC increased its stake in Express by 4.3% in the 3rd quarter. Teachers Advisors LLC now owns 148,730 shares of the company’s stock worth $1,645,000 after buying an additional 6,126 shares in the last quarter. Vanguard Group Inc. increased its stake in Express by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 7,256,644 shares of the company’s stock worth $80,259,000 after buying an additional 98,995 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Express by 8.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 96,198 shares of the company’s stock worth $491,000 after buying an additional 7,488 shares in the last quarter.
Express Company Profile
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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