Shares of Express, Inc. (NYSE:EXPR) have received an average recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $8.25.
Several brokerages recently weighed in on EXPR. FBR & Co reissued a “hold” rating and issued a $7.00 price objective on shares of Express in a report on Friday, September 29th. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. BMO Capital Markets set a $7.00 price objective on Express and gave the stock a “hold” rating in a report on Tuesday, August 8th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $6.00 price objective on shares of Express in a report on Monday, October 2nd. Finally, Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th.
Hedge funds have recently bought and sold shares of the business. BlueCrest Capital Management Ltd purchased a new position in Express during the 1st quarter valued at about $131,000. Karp Capital Management Corp purchased a new position in Express during the 1st quarter valued at about $132,000. State of Alaska Department of Revenue grew its holdings in Express by 77.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock valued at $103,000 after buying an additional 6,711 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Express by 21.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock valued at $146,000 after buying an additional 2,795 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in Express during the 2nd quarter valued at about $114,000. 99.23% of the stock is owned by institutional investors and hedge funds.
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Express (NYSE:EXPR) traded up 4.28% during trading on Friday, hitting $6.34. 2,200,475 shares of the company’s stock traded hands. The company’s 50 day moving average price is $6.57 and its 200 day moving average price is $7.04. The company has a market cap of $499.50 million, a PE ratio of 27.57 and a beta of 1.47. Express has a 52-week low of $5.28 and a 52-week high of $14.39.
Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Express had a return on equity of 4.25% and a net margin of 0.85%. The company had revenue of $478.50 million during the quarter, compared to analyst estimates of $474.11 million. During the same quarter last year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Analysts expect that Express will post $0.43 earnings per share for the current year.
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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