Express, Inc. (EXPR) Given Average Rating of “Hold” by Brokerages

Express, Inc. (NYSE:EXPR) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.00.

Several brokerages have weighed in on EXPR. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a research note on Thursday. Wedbush decreased their price objective on shares of Express from $10.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 8th. ValuEngine raised shares of Express from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 27th. Finally, MKM Partners set a $6.00 price objective on shares of Express and gave the stock a “hold” rating in a research note on Thursday, December 6th.

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In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $5.36, for a total transaction of $1,288,678.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its stake in shares of Express by 35.3% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 95,915 shares of the company’s stock valued at $490,000 after purchasing an additional 25,000 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Express by 16.3% during the fourth quarter. Rhumbline Advisers now owns 211,593 shares of the company’s stock valued at $1,081,000 after purchasing an additional 29,579 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Express by 56.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 64,753 shares of the company’s stock valued at $331,000 after purchasing an additional 23,350 shares during the last quarter. Arizona State Retirement System lifted its holdings in Express by 4.5% in the fourth quarter. Arizona State Retirement System now owns 113,006 shares of the company’s stock valued at $577,000 after buying an additional 4,899 shares during the period. Finally, Strs Ohio lifted its holdings in Express by 203.3% in the fourth quarter. Strs Ohio now owns 109,500 shares of the company’s stock valued at $559,000 after buying an additional 73,400 shares during the period.

Shares of Express stock opened at $5.28 on Friday. The stock has a market cap of $361.83 million, a price-to-earnings ratio of 14.67 and a beta of 1.19. Express has a 1-year low of $4.83 and a 1-year high of $11.69.

Express (NYSE:EXPR) last issued its quarterly earnings data on Thursday, November 29th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The firm had revenue of $515.00 million for the quarter, compared to analysts’ expectations of $505.46 million. Express had a net margin of 1.84% and a return on equity of 5.94%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, sell-side analysts predict that Express will post 0.3 EPS for the current fiscal year.

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.

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