Analysts Flashing a Green Light for Express, Inc. (EXPR)?

Analysts at Wedbush, assumed coverage of Express, Inc. (NYSE:EXPR) with Neutral recommendation, according to their opinion released on May 11. B. Riley FBR, Inc. analysts again handed out a Neutral rating to EXPR stock but they lifted target price for the shares in a flash note to investors on November 30. The price target has been raised from $7 to $9. B. Riley FBR, Inc., analysts launched coverage of EXPR stock with a Neutral rating, according to their flash note to investors on November 30. Analysts at Wolfe Research are sticking to their Peer Perform recommendation. However, on June 02, they lifted target price for these shares to $6 from $10. Analysts at Wolfe Research, made their first call for the stock with a Peer Perform rating, according to a research note that dated back to June 02.

By watching the trading activity of corporate insiders, it will become easier to get a sense of Express, Inc. (NYSE:EXPR)’s prospects. The earliest insider trade took place on 06/18/2018. Hilt James A parted with a total of 11 thousand shares of company at average share price of $9.41. The total for the sales was set at $103.51 thousand. After this transaction, the EVP Chief Cust. Experience Ofc account balance stood at 102.56 thousand shares. The stock lost -33.69 percent since that insider sale. On 04/13/2016, Rafferty John J, EVP – Planning and Allocation, sold 10 thousand shares at a price per share of $20. This removed 200 thousand shares from the insider’s fortune and the stock saw a -68.8 percent retreat in value since the news became public. This transaction left 160.86 thousand shares in the EVP – Planning and Allocation account. On 04/11/2016, EVP & COO Moellering Matthew C performed a sale transaction worth $160.16 thousand. This sale at $20.02 each has eliminated 8 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -68.83 percent decrease since the transaction was reported. The insider now is left with 266.08 thousand shares remaining in the account. Weiss Michael A, who performs the Director job, sold 50 thousand shares for $1.05 million. The disposal occurred on 03/22/2016 was priced at $21.07 per share. The share price plunged -70.38 percent since the reporting date. Weiss Michael A now left with a stake of 1.75 million EXPR stock worth $10.91 million after the insider selling.

Express, Inc. (EXPR) is expected to jump by 36.22 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $10-month high price target. This represents a whopping 60.26 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $8.5, which represents a return potential of 36.22 percent when compared to the closing price of the stock of $6.24 on Friday, November 30. The lowest price target for the stock is $7 — slightly more than 12.18 percent from EXPR’s current share price.

The shares are currently floating around the first support level of $6.03. Below this, the next support is placed in the zone of $5.83. Till the time, the EXPR stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 18.21 on daily chart, which may remain a cause for comfort. If the price breaks below $5.83 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.62 mark may result into a pull-back move towards $7.01 level.

EXPR shares dropped -0.56 points or -8.24 percent on Friday to $6.24 with a heavy trade volume of 6.968 million shares. After opening the session at $6.69, the shares went as high as $6.8 and as low as $6.21, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $499 million and now has 79.97 million shares outstanding. Express, Inc. (EXPR) stock has lost -29.17 percent of market value in 21 trading days.

EXPR stock has a trailing 3-year beta of 1.05, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.48 a share in the trailing twelve months. The stock’s value has fallen -38.52 percent year to date (YTD) against a decline of -35.93 percent in 12 month’s time. The company’s shares still trade -46.6 percent away from its 1-year high of $11.69 and 10.25 percent up from 52-week low of $5.66. The average consensus rating on the company is 3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a hold.

Shares of Express, Inc. (EXPR) are trading at a P/E ratio of 30.33 times earnings reported for the past 12 months. The industry EXPR operates in has an average P/E of 34.92. Its P/E ratio went as low as 11.58X and as high as 16.19 over the 5-year span. Further, it is sporting a 0.23 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.33. 29.8 percent is the gross profit margin for Express, Inc. and operating margin sits at 1.9 percent. Along with this, the net profit margin is 1.1 percent.

EXPR will be showing off its Q4 earnings on March 13. Analysts are forecasting revenue to climb 1.4 percent to $505M in the next fiscal quarter, while earnings are seen soaring by nearly 25 percent to $0.1 per share. History has shown that shares in Express, Inc. have gone down on 20 different earnings reaction days and are predicted to add 0.09 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.03 per share, better than the $0, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $494M, better than the $483M analysts expected. Earnings are estimated to increase by -71.6 percent this year, 12.4 percent next year and continue to increase by 12 percent annually for the next 5 years.