Express, Inc. (NYSE:EXPR) – Equities researchers at SunTrust Banks lowered their Q1 2019 EPS estimates for Express in a research note issued to investors on Wednesday. SunTrust Banks analyst P. Quintiliano now expects that the company will earn ($0.02) per share for the quarter, down from their previous estimate of ($0.01). SunTrust Banks has a “Hold” rating and a $8.00 price objective on the stock.
Several other research firms have also issued reports on EXPR. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. BMO Capital Markets set a $10.00 target price on shares of Express and gave the stock a “hold” rating in a research note on Friday, December 1st. Finally, B. Riley increased their target price on shares of Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.75.
Express stock traded up $0.01 during trading hours on Monday, reaching $6.99. 422,665 shares of the company’s stock traded hands, compared to its average volume of 2,757,236. Express has a one year low of $5.28 and a one year high of $11.34. The stock has a market capitalization of $567.42, a price-to-earnings ratio of 29.08 and a beta of 0.94.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, March 14th. The company reported $0.34 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 company had revenue of $693.80 million for the quarter, compared to analyst estimates of $686.82 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC acquired a new stake in Express in the 4th quarter valued at about $108,000. Public Employees Retirement System of Ohio raised its holdings 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 valued at $140,000 after acquiring an additional 4,722 shares during the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Express during the 4th quarter worth approximately $147,000. Municipal Employees Retirement System of Michigan increased its holdings in shares of Express by 59.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 29,420 shares of the company’s stock worth $199,000 after buying an additional 10,930 shares during the last quarter. Finally, FNY Managed Accounts LLC acquired a new stake in shares of Express during the 3rd quarter worth approximately $201,000. Institutional investors own 99.08% of the company’s stock.
Express announced that its Board of Directors has initiated a share buyback program on Thursday, November 30th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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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