Express, Inc. (NYSE:EXPR) – Investment analysts at SunTrust Banks issued their Q1 2019 earnings estimates for Express in a research report issued on Sunday. SunTrust Banks analyst P. Quintiliano expects that the company will post earnings per share of ($0.01) for the quarter. SunTrust Banks currently has a “Hold” rating and a $8.00 target price on the stock. SunTrust Banks also issued estimates for Express’ Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.12 EPS and Q4 2019 earnings at $0.41 EPS.
A number of other equities research analysts also recently commented on EXPR. BMO Capital Markets set a $10.00 price objective on shares of Express and gave the company a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of Express from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research report on Wednesday, January 3rd. B. Riley increased their price objective on shares of Express from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, November 30th. Finally, TheStreet raised shares of Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $8.75.
Express announced that its Board of Directors has authorized a share buyback program on Thursday, November 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
Several institutional investors have recently modified their holdings of the company. Phocas Financial Corp. acquired a new position in shares of Express in the 4th quarter valued at $7,127,000. MetLife Investment Advisors LLC acquired a new position in shares of Express in the 4th quarter valued at $383,000. Lyon Street Capital LLC acquired a new position in shares of Express in the 4th quarter valued at $928,000. Zeke Capital Advisors LLC acquired a new position in shares of Express in the 4th quarter valued at $108,000. Finally, Harvest Capital Strategies LLC boosted its holdings in shares of Express by 96.2% in the 4th quarter. Harvest Capital Strategies LLC now owns 2,550,000 shares of the company’s stock valued at $25,883,000 after buying an additional 1,250,000 shares in the last quarter. Institutional investors and hedge funds own 99.08% of the company’s stock.
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Express Company Profile
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.
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