Express Inc. (NYSE:EXPR)
EXPR will report their 2016 first-quarter financial results this morning before the market open and the street expects earnings of $.27 a share on revenues of $521.8 million with a consensus price target of $23.
EXPR Under Pressure
Since April, EXPR has lost nearly 25% of its value while it touched a 52 week low during trading last week. Currently, EXPR has seen a 29% spike in its short interest since last month alone and call options far outweighed puts in yesterday’s trading session which should bring a decisive, strong move to the stock upon the earnings release.
Analyst View
The Street Report put together the following analyst breakdown.
There are currently sixteen analysts that cover Express Inc stock. Of those sixteen, nine have a Buy rating, six have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $23.17.
A recent analyst activity consisted of Deutsche Bank (DE:DBKGn) who initiated their coverage on the stock with Buy rating on April 26. Deutsche Bank fixed their price target at $25. This corresponds to a 32.84% upside from the last closing price. On the date of report, the stock closed at $18.63.BlueFin Research reiterated their Market Outperform stance on March 23, and increased their price target on EXPR stock from $22 to $26. This corresponds to a 38.15% upside from the last closing price. On the date of report, the stock closed at $20.79.
About Express, Inc.
Express, Inc., incorporated on June 10, 2008, 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. The Company operates one segment, which includes the operation of its brick-and-mortar retail and outlet stores, e-commerce operations and franchise operations. The Company sells its products through its e-commerce Website, www.express.com, and has franchise agreements with franchisees that operate Express locations in Latin America, the Middle East and South Africa. The Company has approximately 285 manufacturing facilities located in approximately 20 countries throughout the world, primarily in Asia and South and Central America.