Wedbush Trims Express (EXPR) Target Price to $5.00

Share on StockTwits

Express (NYSE:EXPR) had its price target trimmed by Wedbush from $6.00 to $5.00 in a research note published on Thursday. The firm currently has a neutral rating on the stock.

EXPR has been the subject of a number of other research reports. ValuEngine upgraded shares of Express from a strong sell rating to a sell rating in a research report on Thursday, December 27th. Zacks Investment Research downgraded shares of Express from a hold rating to a sell rating in a research report on Wednesday, March 6th. Finally, B. Riley set a $7.00 price target on shares of Express and gave the stock a hold rating in a research note on Friday, November 30th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of Hold and an average price target of $6.75.

Express stock traded down $0.10 during trading hours on Thursday, reaching $4.39. 47,570 shares of the stock were exchanged, compared to its average volume of 1,877,767. The company has a market cap of $307.70 million, a P/E ratio of 12.18 and a beta of 1.12. Express has a 52-week low of $4.28 and a 52-week high of $11.69.

Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $628.40 million during the quarter, compared to the consensus estimate of $629.63 million. Express had a net margin of 1.84% and a return on equity of 5.94%. Express’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities analysts anticipate that Express will post 0.3 EPS for the current year.

In other news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $5.36, for a total transaction of $1,288,678.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of EXPR. Norges Bank purchased a new position in Express in the 4th quarter valued at about $9,096,000. Bank of America Corp DE grew its position in shares of Express by 2,029.4% during the fourth quarter. Bank of America Corp DE now owns 1,167,252 shares of the company’s stock worth $5,965,000 after buying an additional 1,112,436 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Express by 204.6% in the third quarter. JPMorgan Chase & Co. now owns 1,245,987 shares of the company’s stock worth $13,781,000 after purchasing an additional 836,893 shares during the period. Divisar Capital Management LLC acquired a new position in Express in the fourth quarter worth $3,628,000. Finally, AQR Capital Management LLC boosted its holdings in Express by 611.0% in the third quarter. AQR Capital Management LLC now owns 687,609 shares of the company’s stock worth $7,605,000 after purchasing an additional 590,896 shares during the period.

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.

See Also: Why do earnings reports matter?

Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Head to Head Analysis: Key Energy Services  vs. RPC
Head to Head Analysis: Key Energy Services vs. RPC
Colu Local Network  Price Up 4.3% This Week
Colu Local Network Price Up 4.3% This Week
Gladstone Capital Co.  Expected to Announce Earnings of $0.21 Per Share
Gladstone Capital Co. Expected to Announce Earnings of $0.21 Per Share
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Quanta Services Inc  Receives $42.80 Average PT from Brokerages
Quanta Services Inc Receives $42.80 Average PT from Brokerages
PHI Token  Price Hits $0.15 on Major Exchanges
PHI Token Price Hits $0.15 on Major Exchanges


© 2006-2019 Ticker Report