Express, Inc. (NYSE:EXPR)‘s stock had its “buy” rating reiterated by stock analysts at Mizuho in a note issued to investors on Wednesday. They presently have a $13.00 price objective on the stock. Mizuho’s price target would suggest a potential upside of 20.37% from the stock’s current price.
Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Express from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th. Nomura restated a “buy” rating and set a $14.00 price objective on shares of Express in a research report on Tuesday, September 27th. FBR & Co decreased their price objective on shares of Express from $13.00 to $12.00 and set a “market perform” rating on the stock in a research report on Friday, December 2nd. Finally, Wedbush reaffirmed a “neutral” rating and set a $12.00 target price (up from $10.00) on shares of Express in a research note on Friday, December 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Express has a consensus rating of “Hold” and a consensus target price of $16.21.
Shares of Express (NYSE:EXPR) traded up 0.74% on Wednesday, reaching $10.88. 1,534,424 shares of the company traded hands. Express has a 1-year low of $10.03 and a 1-year high of $21.57. The firm has a market capitalization of $853.00 million, a P/E ratio of 9.57 and a beta of 1.60. The stock has a 50-day moving average price of $11.66 and a 200 day moving average price of $12.85.
Express (NYSE:EXPR) last released its quarterly earnings results on Thursday, December 1st. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Express had a return on equity of 15.68% and a net margin of 3.98%. The business earned $506.10 million during the quarter, compared to the consensus estimate of $498.75 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. Analysts anticipate that Express will post $0.82 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. Profund Advisors LLC increased its stake in Express by 0.3% in the second quarter. Profund Advisors LLC now owns 22,508 shares of the company’s stock valued at $327,000 after buying an additional 66 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Express by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 23,890 shares of the company’s stock valued at $281,000 after buying an additional 210 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Express by 0.3% in the third quarter. Paradigm Capital Management Inc. NY now owns 185,150 shares of the company’s stock valued at $2,183,000 after buying an additional 475 shares in the last quarter. Sei Investments Co. increased its stake in Express by 2.0% in the second quarter. Sei Investments Co. now owns 38,487 shares of the company’s stock valued at $559,000 after buying an additional 772 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Express by 11.1% in the second quarter. Teacher Retirement System of Texas now owns 10,396 shares of the company’s stock valued at $151,000 after buying an additional 1,036 shares in the last quarter. 99.62% of the stock is currently owned by institutional investors.
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions.
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