Shares of Express, Inc. (NYSE:EXPR) have earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.77.
EXPR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Express from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Tuesday, October 24th. BidaskClub raised shares of Express from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $7.00 price objective on shares of Express in a research report on Thursday, November 2nd. B. Riley reaffirmed a “neutral” rating on shares of Express in a research report on Wednesday, November 1st. Finally, TheStreet raised shares of Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th.
Shares of Express (NYSE:EXPR) opened at $7.11 on Friday. The stock has a market cap of $562.69, a PE ratio of 44.44 and a beta of 1.03. Express has a 52-week low of $5.28 and a 52-week high of $11.68.
Express (NYSE:EXPR) last announced its earnings results on Thursday, November 30th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. The company 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%. Express’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. equities analysts anticipate that Express will post 0.34 earnings per share for the current fiscal year.
Express declared that its Board of Directors has approved a stock buyback program on Thursday, November 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently modified their holdings of EXPR. Bank of New York Mellon Corp raised its stake in Express by 160.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,855,245 shares of the company’s stock worth $28,981,000 after acquiring an additional 1,759,242 shares in the last quarter. Majedie Asset Management Ltd acquired a new position in Express during the third quarter worth about $11,427,000. Contrarius Investment Management Ltd acquired a new position in Express during the third quarter worth about $10,191,000. Harvest Capital Strategies LLC raised its stake in Express by 96.2% during the fourth quarter. Harvest Capital Strategies LLC now owns 2,550,000 shares of the company’s stock worth $25,883,000 after acquiring an additional 1,250,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Express by 1,971.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,286,512 shares of the company’s stock worth $13,058,000 after acquiring an additional 1,224,419 shares in the last quarter. 98.40% of the stock is owned by hedge funds and other institutional investors.
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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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