Express (EXPR) Price Target Cut to $8.00 by Analysts at SunTrust Banks

Express (NYSE:EXPR) had its price target lowered by SunTrust Banks to $8.00 in a report released on Wednesday. The brokerage currently has a hold rating on the stock.

Several other research firms also recently commented on EXPR. BidaskClub downgraded Express from a sell rating to a strong sell rating in a report on Thursday, October 12th. B. Riley reissued a neutral rating on shares of Express in a report on Wednesday, November 1st. TheStreet raised Express from a d+ rating to a c- rating in a report on Thursday, November 16th. BMO Capital Markets reissued a hold rating and issued a $7.00 price objective on shares of Express in a report on Wednesday, September 13th. Finally, FBR & Co reissued a hold rating and issued a $7.00 price objective on shares of Express in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. The company currently has an average rating of Hold and a consensus target price of $8.88.

Express (NYSE:EXPR) remained flat at $$7.49 during midday trading on Wednesday. 3,728,276 shares of the company traded hands, compared to its average volume of 6,155,197. The company has a market cap of $590.23, a price-to-earnings ratio of 46.81 and a beta of 1.55. Express has a one year low of $5.28 and a one year high of $11.69.

Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $498.70 million during the quarter, compared to the consensus estimate of $487.38 million. Express had a return on equity of 3.97% and a net margin of 1.26%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. equities analysts expect that Express will post 0.47 earnings per share for the current fiscal year.

Express announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of institutional investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Express by 32.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 445,663 shares of the company’s stock valued at $3,012,000 after purchasing an additional 110,287 shares during the last quarter. Westport Asset Management Inc. acquired a new stake in Express during the 3rd quarter valued at $608,000. California Public Employees Retirement System lifted its holdings in Express by 31.1% during the 3rd quarter. California Public Employees Retirement System now owns 519,680 shares of the company’s stock valued at $3,513,000 after purchasing an additional 123,380 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Express during the 3rd quarter valued at $215,000. Finally, Point72 Asset Management L.P. lifted its holdings in Express by 11.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 150,700 shares of the company’s stock valued at $1,019,000 after purchasing an additional 15,800 shares during the last quarter. 99.08% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Express (EXPR) Price Target Cut to $8.00 by Analysts at SunTrust Banks” was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.com-unik.info/2018/01/11/express-expr-price-target-cut-to-8-00-by-analysts-at-suntrust-banks.html.

About Express

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)

Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.

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