Shares of Express, Inc. (NYSE:EXPR) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $3.50.
A number of research firms have commented on EXPR. MKM Partners set a $3.00 price objective on shares of Express and gave the company a “hold” rating in a research note on Thursday, August 29th. Wedbush decreased their target price on shares of Express from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Tuesday, August 27th. ValuEngine raised shares of Express from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. B. Riley set a $4.00 price target on shares of Express and gave the company a “hold” rating in a report on Tuesday, August 20th. Finally, Zacks Investment Research downgraded shares of Express from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.
EXPR traded up $0.36 during trading on Friday, reaching $3.91. The company had a trading volume of 1,708,322 shares, compared to its average volume of 1,481,335. The firm’s 50-day simple moving average is $3.56 and its 200 day simple moving average is $2.88. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.43 and a current ratio of 0.99. The company has a market cap of $264.36 million, a price-to-earnings ratio of 12.22 and a beta of 1.06. Express has a 12-month low of $1.83 and a 12-month high of $6.59.
Several institutional investors have recently modified their holdings of the company. A.R.T. Advisors LLC acquired a new position in Express during the second quarter valued at $422,000. Invesco Ltd. grew its stake in Express by 23.1% during the 2nd quarter. Invesco Ltd. now owns 1,478,744 shares of the company’s stock valued at $4,037,000 after acquiring an additional 277,134 shares in the last quarter. Alberta Investment Management Corp grew its stake in Express by 413.0% during the 3rd quarter. Alberta Investment Management Corp now owns 344,200 shares of the company’s stock valued at $1,184,000 after acquiring an additional 277,100 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Express by 5.0% in the 3rd quarter. Rhumbline Advisers now owns 219,873 shares of the company’s stock valued at $756,000 after purchasing an additional 10,509 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Express by 1.7% in the 2nd quarter. BlackRock Inc. now owns 10,336,429 shares of the company’s stock valued at $28,219,000 after purchasing an additional 167,871 shares during the period. 99.19% of the stock is owned by institutional investors and hedge funds.
Express Company Profile
Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.
Further Reading: Net Asset Value
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