Express (EXPR) Given a $6.00 Price Target at MKM Partners

Express (NYSE:EXPR) has been given a $6.00 target price by research analysts at MKM Partners in a research report issued on Thursday. The brokerage currently has a “hold” rating on the stock. MKM Partners’ price target suggests a potential upside of 2.74% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Express from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley set a $7.00 target price on shares of Express and gave the company a “hold” rating in a research note on Friday, November 30th. Finally, ValuEngine cut shares of Express from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.20.

Shares of EXPR stock opened at $5.84 on Thursday. Express has a one year low of $5.66 and a one year high of $11.69. The stock has a market cap of $454.23 million, a P/E ratio of 12.63 and a beta of 1.01.

Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, November 29th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Express had a net margin of 1.84% and a return on equity of 5.94%. The company had revenue of $515.00 million for the quarter, compared to the consensus estimate of $505.46 million. During the same period in the prior year, the firm posted $0.08 EPS. Express’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts predict that Express will post 0.35 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of EXPR. Principal Financial Group Inc. lifted its stake in Express by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 614,787 shares of the company’s stock valued at $4,402,000 after acquiring an additional 14,244 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in Express by 32.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 41,660 shares of the company’s stock valued at $381,000 after acquiring an additional 10,190 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Express by 240.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 170,127 shares of the company’s stock valued at $1,557,000 after acquiring an additional 120,087 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Express by 36.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 593,156 shares of the company’s stock valued at $5,427,000 after acquiring an additional 158,305 shares during the period. Finally, KBC Group NV lifted its stake in Express by 62.2% during the 2nd quarter. KBC Group NV now owns 26,870 shares of the company’s stock valued at $246,000 after acquiring an additional 10,308 shares during the period.

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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