Express (EXPR) Rating Increased to Buy at Zacks Investment Research

Express (NYSE:EXPR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $10.00 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 33.51% from the stock’s current price.

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. “

A number of other equities analysts have also weighed in on EXPR. BMO Capital Markets reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Express in a research note on Wednesday, September 13th. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. 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. SunTrust Banks reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Express in a research note on Monday, October 2nd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Express in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.88.

Express (NYSE:EXPR) traded up $0.12 during midday trading on Tuesday, hitting $7.49. The stock had a trading volume of 6,466,300 shares, compared to its average volume of 6,501,900. The company has a market capitalization of $590.23, a price-to-earnings ratio of 46.81 and a beta of 1.55. Express has a 1 year low of $5.28 and a 1 year high of $11.69.

Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $498.70 million during the quarter, compared to analyst estimates of $487.38 million. Express had a return on equity of 3.97% and a net margin of 1.26%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. research analysts forecast that Express will post 0.47 earnings per share for the current year.

Express declared that its Board of Directors has approved a share repurchase plan on Thursday, November 30th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

A number of institutional investors have recently made changes to their positions in EXPR. Schwab Charles Investment Management Inc. boosted its stake in Express by 37.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 880,957 shares of the company’s stock valued at $5,947,000 after buying an additional 238,804 shares during the last quarter. Legal & General Group Plc boosted its stake in Express by 5.2% during the second quarter. Legal & General Group Plc now owns 194,836 shares of the company’s stock valued at $1,314,000 after buying an additional 9,571 shares during the last quarter. Federated Investors Inc. PA boosted its stake in Express by 17.9% during the second quarter. Federated Investors Inc. PA now owns 238,672 shares of the company’s stock valued at $1,611,000 after buying an additional 36,165 shares during the last quarter. Swiss National Bank boosted its stake in Express by 15.0% during the second quarter. Swiss National Bank now owns 130,700 shares of the company’s stock valued at $882,000 after buying an additional 17,000 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Express by 41.9% during the second quarter. JPMorgan Chase & Co. now owns 675,299 shares of the company’s stock valued at $4,558,000 after buying an additional 199,406 shares during the last quarter. 99.08% of the stock is owned by institutional investors.

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About Express

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.

Analyst Recommendations for Express (NYSE:EXPR)

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