Express, Inc. (EXPR) Receives $8.77 Average Price Target from Analysts

Shares of Express, Inc. (NYSE:EXPR) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.77.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Express from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Monday, December 4th. SunTrust Banks set a $10.00 price objective on Express and gave the stock a “hold” rating in a research report on Friday, December 1st. BMO Capital Markets set a $10.00 price objective on Express and gave the stock a “hold” rating in a research report on Friday, December 1st. B. Riley upped their price objective on Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Finally, TheStreet upgraded Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th.

Express (NYSE EXPR) traded down $0.15 during trading hours on Friday, hitting $6.96. The stock had a trading volume of 647,622 shares, compared to its average volume of 2,950,688. Express has a 1 year low of $5.28 and a 1 year high of $11.68. The company has a market cap of $560.33, a P/E ratio of 43.57 and a beta of 1.03.

Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Express had a return on equity of 3.85% and a net margin of 0.60%. The business had revenue of $498.70 million during the quarter, compared to the consensus estimate of $487.38 million. During the same period in the prior year, the company earned $0.15 EPS. Express’s revenue for the quarter was down 1.5% on a year-over-year basis. sell-side analysts forecast that Express will post 0.34 earnings per share for the current fiscal year.

Express declared that its board has approved a stock repurchase 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. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its stake in shares of Express by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 61,848 shares of the company’s stock valued at $418,000 after buying an additional 3,663 shares during the period. Voya Investment Management LLC increased its stake in shares of Express by 15.6% in the second quarter. Voya Investment Management LLC now owns 33,207 shares of the company’s stock valued at $224,000 after buying an additional 4,480 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Express by 9.6% in the second quarter. UBS Asset Management Americas Inc. now owns 53,339 shares of the company’s stock valued at $360,000 after buying an additional 4,669 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Express by 29.5% in the second quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after buying an additional 4,722 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Express by 4.3% in the second quarter. Teachers Advisors LLC now owns 137,208 shares of the company’s stock valued at $926,000 after buying an additional 5,714 shares during the period. Hedge funds and other institutional investors own 99.08% of the company’s stock.

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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)

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