Express (NYSE:EXPR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, December 4th. The firm presently has a $11.00 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 8.06% from the stock’s previous close.
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. “
EXPR has been the subject of a number of other reports. BidaskClub raised shares of Express from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. SunTrust Banks reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Express in a report on Monday, October 2nd. FBR & Co reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Express in a report on Friday, September 29th. BMO Capital Markets reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Express in a report on Wednesday, September 13th. Finally, B. Riley raised their price objective on shares of Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.13.
Express (NYSE:EXPR) opened at $10.18 on Monday. Express has a 52-week low of $5.28 and a 52-week high of $11.91. The firm has a market cap of $816.45, a P/E ratio of 33.42 and a beta of 1.55.
Express (NYSE:EXPR) last released its earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08. Express had a net margin of 0.60% and a return on equity of 3.85%. The firm had revenue of $498.70 million during the quarter, compared to the consensus estimate of $487.38 million. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. equities analysts anticipate that Express will post 0.47 EPS for the current year.
Express declared that its Board of Directors has approved a stock buyback plan on Thursday, November 30th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
A number of large investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Express by 32.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 445,663 shares of the company’s stock valued at $3,012,000 after purchasing an additional 110,287 shares during the period. Westport Asset Management Inc. bought a new position in Express in the 3rd quarter valued at $608,000. California Public Employees Retirement System boosted its holdings in Express by 31.1% in the 3rd quarter. California Public Employees Retirement System now owns 519,680 shares of the company’s stock valued at $3,513,000 after purchasing an additional 123,380 shares during the period. Cubist Systematic Strategies LLC bought a new position in Express in the 3rd quarter valued at $215,000. Finally, Point72 Asset Management L.P. boosted its holdings in Express by 11.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 150,700 shares of the company’s stock valued at $1,019,000 after purchasing an additional 15,800 shares during the period. 99.82% of the stock is owned by hedge funds and other institutional investors.
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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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