Express, Inc. (EXPR) Receives “Hold” Rating from BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of Express, Inc. (NYSE:EXPR) in a report published on Thursday morning. BMO Capital Markets currently has a $7.00 price target on the stock.

A number of other research analysts have also commented on EXPR. BidaskClub lowered Express from a sell rating to a strong sell rating in a report on Tuesday, July 11th. Zacks Investment Research raised Express from a sell rating to a hold rating in a report on Tuesday, August 15th. FBR & Co reissued a hold rating and set a $7.00 price target on shares of Express in a report on Friday, September 29th. Finally, SunTrust Banks, Inc. reissued a hold rating and set a $6.00 price target on shares of Express in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. The stock currently has a consensus rating of Hold and an average price target of $8.20.

Shares of Express (EXPR) traded down $0.06 on Thursday, hitting $6.74. The stock had a trading volume of 1,403,265 shares, compared to its average volume of 2,482,854. The firm has a market capitalization of $531.13, a price-to-earnings ratio of 19.82 and a beta of 1.33. Express has a 52 week low of $5.28 and a 52 week high of $14.39.

Express (NYSE:EXPR) last issued its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $478.50 million for the quarter, compared to analyst estimates of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. research analysts anticipate that Express will post 0.45 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/11/05/express-inc-expr-receives-hold-rating-from-bmo-capital-markets.html.

A number of hedge funds have recently made changes to their positions in the stock. Stevens Capital Management LP bought a new position in Express during the third quarter valued at about $399,000. Frontier Capital Management Co. LLC bought a new position in Express during the third quarter valued at about $4,414,000. Canada Pension Plan Investment Board boosted its stake in Express by 3.7% during the third quarter. Canada Pension Plan Investment Board now owns 821,900 shares of the company’s stock valued at $5,556,000 after buying an additional 29,200 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Express in the 3rd quarter valued at $206,000. Finally, Aperio Group LLC boosted its position in shares of Express by 187.6% in the 3rd quarter. Aperio Group LLC now owns 75,673 shares of the company’s stock valued at $512,000 after purchasing an additional 49,361 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Express (NYSE:EXPR)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit