Express, Inc. (EXPR) Receives “Hold” Rating from BMO Capital Markets
BMO Capital Markets reaffirmed their hold rating on shares of Express, Inc. (NYSE:EXPR) in a research report report published on Wednesday morning. BMO Capital Markets currently has a $7.00 price target on the stock.
EXPR has been the subject of several other research reports. TheStreet downgraded Express from a c rating to a d+ rating in a research note on Thursday, June 1st. BidaskClub upgraded Express from a strong sell rating to a sell rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Express from a hold rating to a sell rating in a research note on Friday, June 16th. Deutsche Bank AG increased their price target on Express from $8.00 to $10.00 and gave the stock a hold rating in a research note on Wednesday, May 31st. Finally, MKM Partners reiterated a neutral rating and set a $7.00 price target (down previously from $10.00) on shares of Express in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $9.25.
Shares of Express (EXPR) opened at 6.61 on Wednesday. Express has a 12-month low of $5.28 and a 12-month high of $14.39. The stock’s 50 day moving average price is $6.23 and its 200-day moving average price is $7.50. The firm has a market cap of $520.78 million, a P/E ratio of 28.74 and a beta of 1.44.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $478.50 million during the quarter, compared to the consensus estimate of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. On average, analysts predict that Express will post $0.44 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of EXPR. Public Employees Retirement System of Ohio raised its holdings in shares of Express by 29.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after acquiring an additional 4,722 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Express in the 2nd quarter valued at about $114,000. Nomura Holdings Inc. purchased a new stake in shares of Express in the 2nd quarter valued at about $33,597,000. The Manufacturers Life Insurance Company raised its holdings in shares of Express by 6.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,848 shares of the company’s stock valued at $418,000 after acquiring an additional 3,663 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Express by 9.8% in the 2nd quarter. State Street Corp now owns 2,612,290 shares of the company’s stock valued at $17,633,000 after acquiring an additional 233,124 shares in the last quarter. 99.37% of the stock is currently 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.
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