Published On: Wed, Sep 7th, 2016

Express Inc. (EXPR) Receives Buy Rating from Stifel Nicolaus

Express Inc. (NYSE:EXPR)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a report issued on Wednesday.
Other equities research analysts have also recently issued reports about the company. Mizuho dropped their price objective on Express from $24.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. Nomura dropped their price objective on Express from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. TheStreet cut Express from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th. Zacks Investment Research cut Express from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, Deutsche Bank AG cut Express from a “buy” rating to a “hold” rating and dropped their price objective for the company from $19.00 to $12.00 in a research report on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Express has an average rating of “Hold” and a consensus price target of $16.73.
A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Express by 39.8% in the first quarter. BlackRock Inc. now owns 10,897 shares of the company’s stock worth $233,000 after buying an additional 3,103 shares during the last quarter. Seven Eight Capital LLC purchased a new stake in Express during the first quarter worth about $863,000. New York State Teachers Retirement System increased its stake in Express by 18.3% in the second quarter. New York State Teachers Retirement System now owns 67,245 shares of the company’s stock worth $976,000 after buying an additional 10,400 shares during the last quarter. Hillcrest Asset Management LLC purchased a new stake in Express during the first quarter worth about $7,154,000. Finally, BlackRock Group LTD increased its stake in Express by 4.3% in the first quarter. BlackRock Group LTD now owns 140,414 shares of the company’s stock worth $3,006,000 after buying an additional 5,778 shares during the last quarter. 99.33% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Express (NYSE:EXPR) traded up 2.74% during midday trading on Wednesday, hitting $12.01. The stock had a trading volume of 2,141,828 shares. The stock’s 50 day moving average price is $14.17 and its 200 day moving average price is $16.48. The firm has a market cap of $946.35 million and a price-to-earnings ratio of 9.29. Express has a 12 month low of $11.44 and a 12 month high of $21.57.
Express (NYSE:EXPR) last released its quarterly earnings data on Wednesday, August 24th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by $0.04. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company earned $504.80 million during the quarter, compared to the consensus estimate of $520.81 million. Express’s revenue was down 5.8% compared to the same quarter last year. On average, equities analysts forecast that Express will post $1.06 EPS for the current fiscal year.
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions.

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