Express (NYSE:EXPR) had its price objective dropped by stock analysts at SunTrust Banks to $8.00 in a report released on Wednesday, January 10th. The firm presently has a “hold” rating on the stock. SunTrust Banks’ target price would indicate a potential upside of 15.44% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. BMO Capital Markets reissued a “hold” rating and set a $7.00 price target on shares of Express in a research report on Wednesday, September 13th. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. FBR & Co reissued a “hold” rating and set a $7.00 price target on shares of Express in a research report on Friday, September 29th. Zacks Investment Research raised Express from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research report on Tuesday, October 24th. Finally, B. Riley reissued a “neutral” rating on shares of Express in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Express presently has a consensus rating of “Hold” and a consensus target price of $8.88.
Shares of Express (NYSE EXPR) opened at $6.93 on Wednesday. Express has a 52 week low of $5.28 and a 52 week high of $11.69. The firm has a market capitalization of $550.08 and a price-to-earnings ratio of 22.52.
Express (NYSE:EXPR) last released its earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. Express had a return on equity of 3.85% and a net margin of 0.60%. The business had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. During the same quarter last year, the firm posted $0.15 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. analysts expect that Express will post 0.34 earnings per share for the current fiscal year.
Express announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
Hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in Express by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 591,208 shares of the company’s stock valued at $3,992,000 after buying an additional 25,422 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Express in the second quarter valued at about $33,597,000. First Eagle Investment Management LLC purchased a new stake in Express in the third quarter valued at about $1,055,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Express by 32.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 445,663 shares of the company’s stock valued at $3,012,000 after buying an additional 110,287 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Express by 13.9% in the second quarter. California Public Employees Retirement System now owns 396,300 shares of the company’s stock valued at $2,675,000 after buying an additional 48,500 shares during the last quarter. 99.04% of the stock is currently owned by institutional investors.
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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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