BMO Capital Markets set a $7.00 target price on Express, Inc. (NYSE:EXPR) in a research report sent to investors on Thursday, July 6th. The brokerage currently has a hold rating on the stock.
Several other research firms also recently weighed in on EXPR. TheStreet downgraded shares of Express from a c rating to a d+ rating in a research report on Thursday, June 1st. Zacks Investment Research downgraded shares of Express from a hold rating to a sell rating in a research report on Friday, June 16th. Deutsche Bank AG lifted their target price on shares of Express from $8.00 to $10.00 and gave the stock a hold rating in a research report on Wednesday, May 31st. MKM Partners reissued a neutral rating on shares of Express in a research report on Tuesday, April 18th. Finally, Mizuho downgraded shares of Express from a buy rating to a neutral rating and dropped their target price for the stock from $15.00 to $10.00 in a research report on Thursday, March 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $10.63.
Shares of Express (EXPR) opened at 5.87 on Thursday. The firm’s 50-day moving average price is $6.52 and its 200 day moving average price is $8.71. The firm has a market capitalization of $460.47 million, a P/E ratio of 11.51 and a beta of 1.46. Express has a 12 month low of $5.85 and a 12 month high of $16.38.
Express (NYSE:EXPR) last released its earnings results on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $467.03 million for the quarter, compared to analyst estimates of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. Analysts anticipate that Express will post $0.43 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of EXPR. BlackRock Inc. boosted its stake in shares of Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock worth $91,425,000 after buying an additional 10,016,363 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Express by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock worth $65,997,000 after buying an additional 440,448 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Express by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock worth $60,149,000 after buying an additional 501,305 shares during the last quarter. State Street Corp boosted its stake in shares of Express by 6.2% in the first quarter. State Street Corp now owns 2,379,166 shares of the company’s stock worth $21,673,000 after buying an additional 138,418 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Express by 6.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,373,777 shares of the company’s stock worth $21,625,000 after buying an additional 145,749 shares during the last quarter. Institutional investors and hedge funds own 96.99% of the company’s stock.
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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