Zacks Investment Research upgraded shares of Express (NYSE:EXPR) from a hold rating to a buy rating in a research report sent to investors on Monday morning. The firm currently has $11.00 target price on the stock.
According to Zacks, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio. “
Several other research firms have also weighed in on EXPR. B. Riley reaffirmed a neutral rating on shares of Express in a report on Wednesday, November 1st. BMO Capital Markets set a $10.00 target price on shares of Express and gave the stock a hold rating in a report on Friday, December 1st. BidaskClub raised shares of Express from a strong sell rating to a sell rating in a report on Wednesday, August 9th. FBR & Co reaffirmed a hold rating and issued a $7.00 target price on shares of Express in a report on Friday, September 29th. Finally, SunTrust Banks set a $10.00 target price on shares of Express and gave the stock a hold rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $9.13.
Express (EXPR) opened at $11.05 on Monday. The company has a market cap of $839.24, a price-to-earnings ratio of 34.35 and a beta of 1.55. Express has a one year low of $5.28 and a one year high of $12.40.
Express (NYSE:EXPR) last released its earnings results on Thursday, November 30th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $498.70 million during the quarter, compared to analysts’ expectations of $487.38 million. Express had a net margin of 0.60% and a return on equity of 3.85%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. equities research analysts expect that Express will post 0.47 EPS for the current year.
Express declared that its Board of Directors has initiated a stock buyback program on Thursday, November 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position 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 purchasing an additional 6,711 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Express during the 2nd quarter worth approximately $114,000. Municipal Employees Retirement System of Michigan increased its stake in Express by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after purchasing an additional 620 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Express by 29.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after acquiring an additional 4,722 shares in the last quarter. Finally, Hartford Investment Management Co. grew its stake in shares of Express by 96.3% during the 2nd quarter. Hartford Investment Management Co. now owns 21,000 shares of the company’s stock worth $142,000 after acquiring an additional 10,300 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.
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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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