Express, Inc. (NYSE:EXPR) – SunTrust Banks cut their Q1 2019 EPS estimates for Express in a research note issued to investors on Wednesday. SunTrust Banks analyst P. Quintiliano now forecasts that the company will post earnings per share of ($0.02) for the quarter, down from their prior forecast of ($0.01). SunTrust Banks currently has a “Hold” rating and a $8.00 price objective on the stock.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Express from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Monday, December 4th. BMO Capital Markets set a $10.00 target price on Express and gave the stock a “hold” rating in a research note on Friday, December 1st. Finally, B. Riley boosted their target price on Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. Express has an average rating of “Hold” and a consensus target price of $8.75.
Express stock traded up $0.17 on Monday, reaching $7.16. The company had a trading volume of 656,980 shares, compared to its average volume of 2,745,108. Express has a 1 year low of $5.28 and a 1 year high of $11.34. The firm has a market cap of $550.08, a PE ratio of 29.13 and a beta of 0.94.
Express (NYSE:EXPR) last released its earnings results on Wednesday, March 14th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Express had a return on equity of 4.45% and a net margin of 0.91%. The firm had revenue of $693.80 million during the quarter, compared to analysts’ expectations of $686.82 million. During the same period in the previous year, the firm posted $0.29 EPS. Express’s revenue for the quarter was up 2.2% on a year-over-year basis.
Express announced that its board has authorized 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 a sign that the company’s board believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in EXPR. Zeke Capital Advisors LLC purchased a new stake in Express during the 4th quarter worth about $108,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Express by 29.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after purchasing an additional 4,722 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Express in the 4th quarter valued at about $147,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Express by 59.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 29,420 shares of the company’s stock valued at $199,000 after purchasing an additional 10,930 shares during the last quarter. Finally, FNY Managed Accounts LLC purchased a new stake in shares of Express in the 3rd quarter valued at about $201,000. 99.08% of the stock is owned by 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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