Express, Inc. (NYSE:EXPR) Receives $3.50 Average PT from Brokerages

Shares of Express, Inc. (NYSE:EXPR) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $3.50.

A number of brokerages have issued reports on EXPR. MKM Partners set a $3.00 target price on shares of Express and gave the stock a “hold” rating in a research report on Thursday, August 29th. ValuEngine upgraded shares of Express from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Wedbush dropped their price objective on shares of Express from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Tuesday, August 27th. B. Riley set a $4.00 price objective on Express and gave the stock a “hold” rating in a research report on Tuesday, August 20th. Finally, Zacks Investment Research lowered Express from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

NYSE:EXPR traded up $0.36 during trading hours on Friday, hitting $3.91. The company’s stock had a trading volume of 1,708,322 shares, compared to its average volume of 1,481,335. The business’s 50-day moving average is $3.56 and its two-hundred day moving average is $2.88. The company has a market capitalization of $264.36 million, a PE ratio of 12.22 and a beta of 1.06. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.43 and a current ratio of 0.99. Express has a 52-week low of $1.83 and a 52-week high of $6.59.

Several large investors have recently bought and sold shares of the company. Magnus Financial Group LLC raised its stake in Express by 30.5% during the second quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock worth $58,000 after purchasing an additional 4,932 shares during the period. Strs Ohio boosted its holdings in Express by 7.5% in the second quarter. Strs Ohio now owns 117,700 shares of the company’s stock valued at $321,000 after acquiring an additional 8,200 shares during the last quarter. grace capital purchased a new stake in Express during the third quarter valued at about $35,000. Rhumbline Advisers grew its position in Express by 5.0% during the third quarter. Rhumbline Advisers now owns 219,873 shares of the company’s stock valued at $756,000 after acquiring an additional 10,509 shares during the period. Finally, Jane Street Group LLC grew its position in Express by 42.2% during the second quarter. Jane Street Group LLC now owns 38,283 shares of the company’s stock valued at $105,000 after acquiring an additional 11,357 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.

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