Express, Inc. (NYSE:EXPR) has been given an average recommendation of “Hold” by the twelve research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $8.61.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Express from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a report on Wednesday, January 3rd. B. Riley upped their price objective on shares of Express from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, November 30th. SunTrust Banks dropped their price objective on shares of Express to $8.00 and set a “hold” rating on the stock in a report on Wednesday, January 10th. Finally, BMO Capital Markets set a $10.00 price objective on shares of Express and gave the company a “hold” rating in a report on Friday, December 1st.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zeke Capital Advisors LLC acquired a new stake in shares of Express in the 4th quarter worth about $108,000. Public Employees Retirement System of Ohio grew its position in Express by 29.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after purchasing an additional 4,722 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in Express in the 4th quarter worth about $147,000. Municipal Employees Retirement System of Michigan grew its position in Express by 59.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 29,420 shares of the company’s stock worth $199,000 after purchasing an additional 10,930 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new stake in Express in the 3rd quarter worth about $201,000. Institutional investors own 99.08% of the company’s stock.
Express (EXPR) traded up $0.01 during mid-day trading on Wednesday, reaching $7.20. 3,466,578 shares of the company traded hands, compared to its average volume of 2,255,692. The firm has a market capitalization of $566.63, a price-to-earnings ratio of 30.00 and a beta of 0.94. Express has a 1-year low of $5.28 and a 1-year high of $11.34.
Express (NYSE:EXPR) last released its earnings results on Wednesday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Express had a net margin of 0.91% and a return on equity of 4.45%. The business had revenue of $693.80 million for the quarter, compared to analyst estimates of $686.82 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. Express’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts anticipate that Express will post 0.46 EPS for the current year.
Express announced that its board has authorized a share buyback program on Thursday, November 30th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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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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