Express, Inc. (NYSE:EXPR) – Stock analysts at Wedbush issued their FY2019 earnings estimates for shares of Express in a research note issued to investors on Tuesday, January 8th. Wedbush analyst J. Redding anticipates that the company will post earnings of $0.33 per share for the year. Wedbush has a “Neutral” rating and a $6.00 price objective on the stock. Wedbush also issued estimates for Express’ Q4 2019 earnings at $0.19 EPS, Q4 2020 earnings at $0.21 EPS and FY2020 earnings at $0.36 EPS.
Express (NYSE:EXPR) last issued its quarterly earnings data on Thursday, November 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $515.00 million during the quarter, compared to analyst estimates of $505.46 million. Express had a return on equity of 5.94% and a net margin of 1.84%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS.
A number of other analysts have also commented on the company. Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine raised Express from a “strong sell” rating to a “sell” rating in a report on Thursday, December 27th. MKM Partners set a $6.00 target price on Express and gave the stock a “hold” rating in a research note on Thursday, December 6th. Finally, B. Riley set a $7.00 target price on Express and gave the stock a “hold” rating in a research note on Friday, November 30th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $7.00.
Shares of EXPR opened at $5.35 on Thursday. The company has a market cap of $383.76 million, a price-to-earnings ratio of 14.86 and a beta of 1.19. Express has a 52 week low of $4.83 and a 52 week high of $11.69.
In other news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $5.36, for a total value of $1,288,678.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in EXPR. Teachers Advisors LLC lifted its stake in Express by 4.3% in the third quarter. Teachers Advisors LLC now owns 148,730 shares of the company’s stock valued at $1,645,000 after purchasing an additional 6,126 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Express by 5.2% in the third quarter. Wells Fargo & Company MN now owns 136,870 shares of the company’s stock valued at $1,515,000 after purchasing an additional 6,817 shares during the last quarter. United Services Automobile Association lifted its stake in Express by 54.1% in the second quarter. United Services Automobile Association now owns 24,266 shares of the company’s stock valued at $222,000 after purchasing an additional 8,521 shares during the last quarter. SG Americas Securities LLC lifted its stake in Express by 71.9% in the third quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock valued at $227,000 after purchasing an additional 8,585 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Express by 3.7% in the third quarter. Legal & General Group Plc now owns 261,501 shares of the company’s stock valued at $2,891,000 after purchasing an additional 9,254 shares during the last quarter.
Express Company Profile
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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