Shares of Express, Inc. (NYSE:EXPR) have received a consensus recommendation of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.63.
A number of equities research analysts have recently issued reports on the company. UBS AG restated a “sell” rating and issued a $8.00 price target (down from $10.00) on shares of Express in a research report on Tuesday, April 18th. Morgan Stanley upped their price target on Express from $7.50 to $10.50 and gave the company an “equal weight” rating in a research report on Wednesday, June 14th. Wolfe Research upped their price target on Express from $6.00 to $10.00 and gave the company a “peer perform” rating in a research report on Friday, June 2nd. BMO Capital Markets set a $7.00 price target on Express and gave the company a “hold” rating in a research report on Thursday, July 6th. Finally, BidaskClub upgraded Express from a “strong sell” rating to a “sell” rating in a research report on Wednesday.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in Express by 77.6% in the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after buying an additional 6,711 shares during the period. Fox Run Management L.L.C. purchased a new position in Express during the second quarter worth approximately $119,000. Municipal Employees Retirement System of Michigan boosted its position in Express by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after buying an additional 620 shares during the period. BlueCrest Capital Management Ltd purchased a new position in Express during the first quarter worth approximately $131,000. Finally, Karp Capital Management Corp purchased a new position in Express during the first quarter worth approximately $132,000. Institutional investors own 96.46% of the company’s stock.
Express (NYSE:EXPR) last posted its quarterly earnings results on Thursday, June 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. The company had revenue of $467.03 million during the quarter, compared to analysts’ expectations of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. Express’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. Equities research analysts forecast that Express will post $0.42 EPS for the current year.
WARNING: “Brokerages Set Express, Inc. (NYSE:EXPR) Price Target at $10.63” was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/08/19/express-inc-nyseexpr-given-average-recommendation-of-hold-by-brokerages-updated-updated.html.
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.
What are top analysts saying about Express Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Express Inc. and related companies.