Why Should You Put Express Inc. (NYSE: EXPR) On Your Portfolio?


T. Rowe Price Associates, Inc. (I.. recently announced the acquisition of new stake in Express Inc. (NYSE:EXPR). The institutional investor has increased its shareholding in the Consumer Cyclical company by 17.73% to 5.77 million shares with purchase of 0.87 million shares. This fresh investment now brings its stake to 8.95% valued currently at $5.82 million. In addition, The Vanguard Group, Inc. raised its holdings by 70578.0 to 4.72 million shares. And Charles Schwab Investment Managem.. has lifted its position by 143.83% or 1.48 million shares – to 2.51 million shares.

With over 1.42 million Express Inc. (EXPR) shares trading Friday and a closing price of $1.09 on the day, the dollar volume was approximately $1.55 million. The shares have shown a positive weekly performance of 3.81% and its price on 08/28/20 gained nearly 3.81%. Currently, there are 64.03M common shares owned by the public and among those 62.08M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for EXPR have a consensus price objective of $1.33. The analysts have set the share’s price value over the next 12 months at a high of $1.50 and a low of $1.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Express Inc. stock is 3.00 for the next 12 months. The average price target is 18.05% above its last price level and an upside to the estimated low will see the stock lose -9.0% over that period. But an upside of 27.33% will see the stock hit the forecast high price target while mean target price for the stock is $1.50.

Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 2,218,490 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 23,943 shares.

The top 3 mutual fund holders in Express Inc. are Contrarius ICAV – Global Equity F, iShares Core S&P Small Cap ETF, and T Rowe Price Small Cap Value Fund. Contrarius ICAV – Global Equity F owns 5.68 million shares of the company’s stock, all valued at over $5.74 million. The company sold 65.0 shares recently to bring their total holdings to about 8.81% of the shares outstanding. iShares Core S&P Small Cap ETF bought 14910.0 shares to see its total holdings expand to 4.17 million shares valued at over $4.21 million and representing 6.47% of the shares outstanding. T Rowe Price Small Cap Value Fund bought 0.58 million shares to bring its total holdings to over 3.59 million shares at a value of $3.63 million. T Rowe Price Small Cap Value Fund now owns shares totaling to 5.57% of the shares outstanding.

Shares of Express Inc. (NYSE: EXPR) opened at $1.07, up $0.02 from a prior closing price of $1.05. However, the script later closed the day at $1.09, up 3.81%. The company’s stock has a 5-day price change of 3.81% and -41.40% over the past three months. EXPR shares are trading -77.62% year to date (YTD), with the 12-month market performance down to -51.77% lower. It has a 12-month low price of $1.00 and touched a high of $6.24 over the same period. Currently, 1.42 million shares have been traded, compared to an average intraday trading volume of 2.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.39%, -16.72%, and -60.09% respectively.

Institutional ownership of Express Inc. (NYSE: EXPR) 64.03M shares outstanding. Mutual fund holders own 48.18%, while other institutional holders and individual stakeholders account for 58.21% and 41.29% respectively.

It has a market capitalization of $67.70M and a beta (3y monthly) value of 1.89. The earnings-per-share (ttm) stands at -$6.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.01% over the week and 8.24% over the month.

Analysts forecast that Express Inc. (EXPR) will achieve an EPS of -$0.64 for the current quarter, -$0.04 for the next quarter and -$0.12 for 2022. The lowest estimate earnings-per-share for the quarter is -$1.21 while analysts give the company a high EPS estimate of -$0.32. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -2684.60%, and 96.70% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Express Inc. (EXPR) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 4 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the EXPR, a number of firms have released research notes about the stock. Wedbush stated their Neutral rating for the stock in a research note on May 11, 2018, with the firm’s price target at $9. B. Riley FBR Inc. coverage for the Express Inc. (EXPR) stock in a research note released on November 30, 2017 offered a Neutral rating with a price target of $9. Wolfe Research was of a view on June 02, 2017 that the stock is Peer Perform, while UBS gave the stock Sell rating on June 02, 2017, issuing a price target of $8- $6. UBS on their part issued Sell rating on April 18, 2017.


Please enter your comment!
Please enter your name here