Zacks Investment Research upgraded shares of Express, Inc. (NYSE:EXPR) from a hold rating to a buy rating in a research report report published on Tuesday, October 24th. Zacks Investment Research currently has $7.75 price objective on the stock.
According to Zacks, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio. “
Several other research firms have also issued reports on EXPR. FBR & Co reaffirmed a hold rating and issued a $7.00 price objective on shares of Express in a research note on Friday, September 29th. BidaskClub upgraded shares of Express from a strong sell rating to a sell rating in a report on Thursday, September 28th. SunTrust Banks, Inc. reaffirmed a hold rating and set a $6.00 price objective on shares of Express in a research note on Monday, October 2nd. Finally, BMO Capital Markets set a $7.00 price objective on shares of Express and gave the company a hold rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. Express presently has a consensus rating of Hold and a consensus target price of $8.20.
Shares of Express (NYSE EXPR) opened at $7.08 on Tuesday. The stock has a market capitalization of $557.92, a price-to-earnings ratio of 20.82 and a beta of 1.33. Express has a twelve month low of $5.28 and a twelve month high of $14.39.
Express (NYSE:EXPR) last announced its earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 earnings per share. research analysts expect that Express will post 0.45 EPS for the current year.
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Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock worth $91,425,000 after purchasing an additional 10,016,363 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Express by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock worth $65,997,000 after purchasing an additional 440,448 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Express by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock valued at $60,149,000 after acquiring an additional 501,305 shares during the last quarter. Nomura Holdings Inc. bought a new position in Express during the second quarter valued at approximately $33,597,000. Finally, State Street Corp lifted its stake in Express by 9.8% in the second quarter. State Street Corp now owns 2,612,290 shares of the company’s stock worth $17,633,000 after acquiring an additional 233,124 shares during the period. Institutional investors own 99.77% 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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