EVP Chief Cust. Experience Ofc Hilt James A sold 11,000 shares in Express, Inc. (NYSE:EXPR) for $102,557 in transaction occurred on 2018/06/18. After making this transaction, the EVP Chief Cust. Experience Ofc owns a direct stake of 103,510 shares, worth $634,828, as per the last closing price. On 2016/04/13 Rafferty John J, EVP – Planning and Allocation at EXPR, dumped 10,000 shares at an average price of $20 per share. The selling total is valued at $995,705.
Separately, it had been reported that some other EXPR insiders also took part of the insider trading activity. EVP & COO, Moellering Matthew C had divested 8,000 shares for $266,080 through a trade on 2016/04/11. Following this activity, the insider holds 160,160 shares worth $1,647,035 as of recent close. Wall Street’s most bullish Express, Inc. (NYSE:EXPR) analysts are predicting the share price to blow past $10 per share during the next 12 months. The current median share price forecast by them is $7.5, suggesting that the stock could increase 21.16% in that time frame. The average price target of $8 calls for a nearly 29.24% increase in the stock price.
Express, Inc. (EXPR) trading activity significantly improved as the volume at ready counter increased to 3,389,682 shares versus 3,212,130 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,304,653 shares. The share price dropped -5.78% in recent trade and currently has a stock-market value of $495.01M. The shares finished at $6.19, after trading as low as $6.06 earlier in the session. It hit an intraday high Tuesday at $6.59. The stock is now 9.36% above against its bear-market low of $5.66 on November 29, 2018. It has retreated -88.85% since it’s 52-week high of $11.69 reached in September. Now the market price is down -40.94% on the year and down -39.01% YTD.
EXPR’s 50 day simple moving average (SMA 50) price is $8.76 and its 200-day simple moving average (SMA 200) price is $8.94. The company’s stock currently has a total float of 71.96M shares. Its weekly volatility is hovering around 11.75% and felt 6.7% volatility in price over a month. On the upside, the share price will test short term resistance at around $6.5. On a downside, the stock is likely to find some support, which begins at $5.97. The failure to get near-term support could push it to $5.75.
It had seen a new analyst call from Wedbush, which initiated the stock at Neutral on May 11. Analysts at B. Riley FBR, Inc., maintained the company shares at Neutral on November 30 but switched target price from $7 to $9. Brokerage firm Wolfe Research, looks cautious as they stick to prior recommendation of Peer Perform, in a call on June 02. However, they did change the target price from $10 to $6. UBS, reiterated their call for Sell, on June 02. On the other hand, they had set new target price to $6 versus $8.
When looking at valuations, Express, Inc. (EXPR) has a cheap P/E of 12.98x as compared to industry average of 34.92x. Moreover, it trades for 15.17 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.73x price/book and 0.23x price/sales. Compared to others, Express, Inc. is in a different league with regards to profitability, having net margins of 1.1%. To put some perspective around this, the industry’s average net margin is 3.42%. EXPR’s ROE is 3.8%, which is also considerably worse than the industry’s ROE of 12.11%. It’s also very liquid in the near term, with a current ratio of 2. The stock has a debt/capital of 0.
Shares of Express, Inc. (EXPR) have dropped -8.2% since the company’s Jan-18 earnings report. Over the past 12 fiscal quarters, Express, Inc. (NYSE:EXPR) has topped consensus earnings estimates in 5 quarters (41%), missed earnings in 4 quarters (33%), whereas at 3 occasion EPS met analyst expectations. EXPR last reported earnings on November 29, 2018 when it released Oct-18 results that exceeded expectations. The company raked in $0.11 per share, -98.9% change on the same period last year. That was better than consensus for $0.1. Revenue for the recent quarter stood at $514.96 million, up 3% on last year and above the $505.46 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $668.7 million to $716.5 million, which should be compared with $0 generated last year.