Express, Inc. (NYSE:EXPR) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $9.25.
A number of brokerages have recently commented on EXPR. B. Riley raised their target price on shares of Express from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. ValuEngine downgraded shares of Express from a “buy” rating to a “hold” rating in a research note on Friday, November 16th.
Hedge funds have recently modified their holdings of the company. Sun Life Financial INC purchased a new position in shares of Express in the 2nd quarter valued at $118,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Express in the 2nd quarter valued at $146,000. Pacer Advisors Inc. raised its stake in shares of Express by 215.2% in the 3rd quarter. Pacer Advisors Inc. now owns 15,931 shares of the company’s stock valued at $176,000 after acquiring an additional 10,876 shares during the period. Kessler Investment Group LLC purchased a new position in shares of Express in the 3rd quarter valued at $179,000. Finally, United Services Automobile Association raised its stake in shares of Express by 54.1% in the 2nd quarter. United Services Automobile Association now owns 24,266 shares of the company’s stock valued at $222,000 after acquiring an additional 8,521 shares during the period.
Shares of EXPR traded up $0.09 during mid-day trading on Monday, reaching $7.74. The company had a trading volume of 1,842,600 shares, compared to its average volume of 2,197,027. The firm has a market cap of $561.36 million, a PE ratio of 21.50 and a beta of 1.09. Express has a fifty-two week low of $6.17 and a fifty-two week high of $11.69.
Express (NYSE:EXPR) last announced its quarterly earnings results on Wednesday, August 29th. The company reported $0.03 earnings per share for the quarter. Express had a net margin of 1.78% and a return on equity of 5.64%. The company had revenue of $493.60 million for the quarter, compared to analyst estimates of $482.37 million. During the same quarter last year, the business earned $0.01 EPS. Express’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Express will post 0.47 EPS for the current year.
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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