Express (EXPR) PT Set at $6.00 by MKM Partners

MKM Partners set a $6.00 target price on Express (NYSE:EXPR) in a report issued on Thursday morning. The brokerage currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Express from a buy rating to a hold rating in a research report on Friday, November 16th. B. Riley set a $7.00 target price on Express and gave the stock a hold rating in a research report on Friday, November 30th. Finally, Zacks Investment Research cut Express from a buy rating to a hold rating in a report on Tuesday, December 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Express has an average rating of Hold and an average target price of $8.20.

Shares of NYSE EXPR opened at $5.84 on Thursday. Express has a one year low of $5.66 and a one year high of $11.69. The firm has a market cap of $428.55 million, a PE ratio of 16.22 and a beta of 1.01.

Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, November 29th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The business had revenue of $515.00 million for the quarter, compared to the consensus estimate of $505.46 million. Express had a net margin of 1.84% and a return on equity of 5.94%. The company’s 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. As a group, sell-side analysts forecast that Express will post 0.35 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Spark Investment Management LLC lifted its stake in Express by 150.1% in the 2nd quarter. Spark Investment Management LLC now owns 1,102,000 shares of the company’s stock worth $10,083,000 after purchasing an additional 661,400 shares in the last quarter. Kessler Investment Group LLC purchased a new stake in shares of Express in the third quarter worth $179,000. MetLife Investment Advisors LLC raised its position in shares of Express by 50.2% in the second quarter. MetLife Investment Advisors LLC now owns 34,677 shares of the company’s stock worth $317,000 after buying an additional 11,583 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Express by 9.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,541,060 shares of the company’s stock worth $14,101,000 after buying an additional 130,689 shares in the last quarter. Finally, Sun Life Financial INC purchased a new stake in shares of Express in the second quarter worth $118,000.

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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