Express (NYSE:EXPR) had its price target trimmed by Wedbush from $10.00 to $6.00 in a research report sent to investors on Tuesday morning. The brokerage currently has a neutral rating on the stock. Wedbush also issued estimates for Express’ Q4 2019 earnings at $0.19 EPS, FY2019 earnings at $0.33 EPS, Q2 2020 earnings at $0.04 EPS, Q3 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.21 EPS and FY2020 earnings at $0.36 EPS.
Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Express from a hold rating to a sell rating in a research report on Friday, January 4th. ValuEngine raised Express from a strong sell rating to a sell rating in a report on Thursday, December 27th. MKM Partners set a $6.00 price target on Express and gave the company a hold rating in a report on Thursday, December 6th. Finally, B. Riley set a $7.00 price target on Express and gave the company a hold rating in a report on Friday, November 30th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Express presently has a consensus rating of Hold and an average price target of $7.00.
Shares of NYSE EXPR traded up $0.29 during midday trading on Tuesday, hitting $5.42. 53,744 shares of the company’s stock were exchanged, compared to its average volume of 2,040,588. The company has a market cap of $383.76 million, a PE ratio of 15.07 and a beta of 1.19. Express has a twelve month low of $4.83 and a twelve month high of $11.69.
In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the business’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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.20% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in EXPR. Strs Ohio acquired a new stake in Express during the 2nd quarter valued at $330,000. Russell Investments Group Ltd. acquired a new position in shares of Express in the second quarter worth $676,000. Schwab Charles Investment Management Inc. increased its stake 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 acquiring an additional 130,689 shares during the last quarter. BlackRock Inc. increased its stake in shares of Express by 3.7% in the second quarter. BlackRock Inc. now owns 10,276,912 shares of the company’s stock worth $94,034,000 after acquiring an additional 370,011 shares during the last quarter. Finally, BlueMountain Capital Management LLC acquired a new position in shares of Express in the second quarter worth $825,000.
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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