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.
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.
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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