Express, Inc. (EXPR) Receives Consensus Rating of “Hold” from Analysts

Shares of Express, Inc. (NYSE:EXPR) have earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.80.

Several brokerages have commented on EXPR. SunTrust Banks boosted their price target on shares of Express from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Thursday, July 12th. Zacks Investment Research raised shares of Express from a “strong sell” rating to a “hold” rating in a research report on Monday, May 21st. ValuEngine raised shares of Express from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Finally, Wedbush began coverage on shares of Express in a research report on Thursday, May 10th. They set a “neutral” rating and a $9.00 price target on the stock.

In other news, EVP James A. Hilt sold 11,000 shares of the company’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $9.41, for a total value of $103,510.00. Following the sale, the executive vice president now directly owns 102,557 shares of the company’s stock, valued at approximately $965,061.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of EXPR. Wells Fargo & Company MN raised its holdings in shares of Express by 25.3% in the 4th quarter. Wells Fargo & Company MN now owns 116,525 shares of the company’s stock valued at $1,182,000 after purchasing an additional 23,550 shares during the period. Guggenheim Capital LLC grew its stake in Express by 12.5% in the 4th quarter. Guggenheim Capital LLC now owns 213,654 shares of the company’s stock valued at $2,170,000 after buying an additional 23,760 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in Express by 54.4% in the 4th quarter. TIAA CREF Investment Management LLC now owns 751,042 shares of the company’s stock valued at $7,623,000 after buying an additional 264,647 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Express in the 4th quarter valued at about $383,000. Finally, Contrarius Investment Management Ltd grew its stake in Express by 52.9% in the 1st quarter. Contrarius Investment Management Ltd now owns 5,876,362 shares of the company’s stock valued at $42,075,000 after buying an additional 2,032,700 shares during the last quarter.

NYSE:EXPR traded up $0.09 on Friday, hitting $10.19. 1,254,360 shares of the company’s stock were exchanged, compared to its average volume of 2,161,084. Express has a 52 week low of $5.28 and a 52 week high of $11.34. The stock has a market capitalization of $784.74 million, a PE ratio of 28.11 and a beta of 0.86.

Express (NYSE:EXPR) last issued its quarterly earnings results on Thursday, May 31st. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Express had a net margin of 1.14% and a return on equity of 5.39%. The firm had revenue of $479.40 million for the quarter, compared to analysts’ expectations of $460.78 million. During the same period in the previous year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. research analysts expect that Express will post 0.42 EPS for the current year.

About Express

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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Analyst Recommendations for Express (NYSE:EXPR)

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