Express (EXPR) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of Express (NYSE:EXPR) from a hold rating to a buy rating in a report released on Thursday morning.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Express from a hold rating to a sell rating in a research report on Tuesday, January 30th. Wedbush initiated coverage on Express in a research report on Thursday, May 10th. They set a neutral rating and a $9.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $8.77.

Shares of NYSE EXPR traded up $0.25 during midday trading on Thursday, hitting $9.30. 68,320 shares of the company’s stock were exchanged, compared to its average volume of 2,342,240. The company has a market cap of $686.32 million, a PE ratio of 25.31 and a beta of 0.92. Express has a twelve month low of $8.78 and a twelve month high of $9.08.

Express (NYSE:EXPR) last issued its quarterly earnings data on Wednesday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The business had revenue of $693.80 million during the quarter, compared to the consensus estimate of $686.82 million. Express had a return on equity of 4.45% and a net margin of 0.91%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. equities research analysts forecast that Express will post 0.42 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Express by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,616,697 shares of the company’s stock worth $47,376,000 after purchasing an additional 21,046 shares during the period. Contrarius Investment Management Ltd lifted its position in Express by 52.9% in the first quarter. Contrarius Investment Management Ltd now owns 5,876,362 shares of the company’s stock worth $42,075,000 after purchasing an additional 2,032,700 shares during the period. Harvest Capital Strategies LLC lifted its position in Express by 20.0% in the first quarter. Harvest Capital Strategies LLC now owns 3,060,280 shares of the company’s stock worth $21,912,000 after purchasing an additional 510,280 shares during the period. Bank of New York Mellon Corp lifted its position in Express by 160.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,855,245 shares of the company’s stock worth $28,981,000 after purchasing an additional 1,759,242 shares during the period. Finally, Tyvor Capital LLC lifted its position in Express by 64.2% in the fourth quarter. Tyvor Capital LLC now owns 2,239,338 shares of the company’s stock worth $22,729,000 after purchasing an additional 875,599 shares during the period.

Express Company Profile

Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.



Leave a Reply