Today’s Price Action: Express, Inc. Just Reaches 52 Week Low?

Today's Price Action: Express, Inc. Just Reaches 52 Week Low?

The stock of Express, Inc. (NYSE:EXPR) hit a new 52-week low and has $10.18 target or 6.00% below today’s $10.83 share price. The 6 months bearish chart indicates high risk for the $841.58M company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $10.18 price target is reached, the company will be worth $50.49M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 3.08M shares traded hands or 41.28% up from the average. Express, Inc. (NYSE:EXPR) has declined 26.75% since April 28, 2016 and is downtrending. It has underperformed by 32.68% the S&P500.

Express, Inc. (NYSE:EXPR) Ratings Coverage

Out of 18 analysts covering Express Inc. (NYSE:EXPR), 5 rate it a “Buy”, 2 “Sell”, while 11 “Hold”. This means 28% are positive. $26 is the highest target while $10 is the lowest. The $17.31 average target is 59.83% above today’s ($10.83) stock price. Express Inc. has been the topic of 27 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, August 27 by UBS. The rating was downgraded by Wedbush to “Neutral” on Wednesday, August 24. The rating was maintained by BlueFin Research on Wednesday, March 23 with “Market Outperform”. The stock has “Peer Perform” rating given by Wolfe Research on Thursday, August 25. The firm has “Hold” rating given on Friday, August 14 by BB&T Capital. Mizuho maintained the shares of EXPR in a report on Wednesday, August 24 with “Buy” rating. The stock has “Neutral” rating given by M Partners on Thursday, September 17. The rating was maintained by FBR Capital with “Mkt Perform” on Thursday, August 25. The firm has “Buy” rating given on Thursday, March 10 by Nomura. SunTrust maintained the stock with “Neutral” rating in Thursday, August 27 report.

According to Zacks Investment Research, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio.”

More news for Express, Inc. (NYSE:EXPR) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: Express, Inc., 30.0% Follow-Through Indicator, 10.4 …” on December 01, 2016. Schaeffersresearch.com‘s article titled: “Buzz Stocks: Dollar General Corp., Express, Inc., and FuelCell Energy Inc” and published on December 01, 2016 is yet another important article.

EXPR Company Profile

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 Firm 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 Firm operates through a segment, which include the operation of its brick-and-mortar retail and outlet stores, e-commerce activities and franchise operations. The Firm 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.

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