Express, Inc. (NYSE:EXPR) Receives $5.80 Consensus PT from Brokerages

Shares of Express, Inc. (NYSE:EXPR) have received an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.80.

A number of research analysts recently issued reports on the company. TheStreet downgraded Express from a “c” rating to a “d+” rating in a research note on Thursday, March 14th. ValuEngine downgraded Express from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Express from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. B. Riley cut their price objective on Express from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Finally, Wedbush cut their price objective on Express from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th.

Large investors have recently made changes to their positions in the stock. Contrarius Investment Management Ltd boosted its stake in Express by 2.6% in the 4th quarter. Contrarius Investment Management Ltd now owns 6,111,868 shares of the company’s stock worth $31,232,000 after purchasing an additional 152,761 shares during the period. LSV Asset Management boosted its stake in Express by 23.8% in the 4th quarter. LSV Asset Management now owns 1,945,100 shares of the company’s stock worth $9,939,000 after purchasing an additional 373,800 shares during the period. Norges Bank bought a new position in Express in the 4th quarter worth approximately $9,096,000. Spark Investment Management LLC boosted its stake in Express by 8.3% in the 1st quarter. Spark Investment Management LLC now owns 1,740,800 shares of the company’s stock worth $7,450,000 after purchasing an additional 133,600 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in Express by 9.5% in the 1st quarter. Neuberger Berman Group LLC now owns 1,673,562 shares of the company’s stock worth $7,162,000 after purchasing an additional 144,842 shares during the period.

Shares of NYSE EXPR traded down $0.01 during midday trading on Friday, hitting $2.71. 1,821,700 shares of the company’s stock traded hands, compared to its average volume of 1,968,698. Express has a 1 year low of $2.52 and a 1 year high of $11.69. The firm has a market capitalization of $176.23 million, a P/E ratio of 8.47 and a beta of 1.13. The company has a quick ratio of 0.39, a current ratio of 0.97 and a debt-to-equity ratio of 1.84.

Express (NYSE:EXPR) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.16. Express had a negative net margin of 0.04% and a positive return on equity of 2.20%. The firm had revenue of $451.30 million during the quarter, compared to analyst estimates of $429.41 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Express will post -0.11 EPS for the current year.

Express Company Profile

Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.

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Analyst Recommendations for Express (NYSE:EXPR)

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