Fintel reports that on August 18, 2023, Small Cap Consumer Research reiterated coverage of Express (NYSE:EXPR) with a Buy recommendation.
Analyst Price Forecast Suggests 254.78% Upside
As of August 2, 2023, the average one-year price target for Express is 2.04. The forecasts range from a low of 2.02 to a high of $2.10. The average price target represents an increase of 254.78% from its latest reported closing price of 0.58.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Express is 2,032MM, an increase of 9.00%. The projected annual non-GAAP EPS is -0.18.
What is the Fund Sentiment?
There are 158 funds or institutions reporting positions in Express. This is a decrease of 13 owner(s) or 7.60% in the last quarter. Average portfolio weight of all funds dedicated to EXPR is 0.01%, a decrease of 54.11%. Total shares owned by institutions decreased in the last three months by 16.20% to 19,359K shares. 
The put/call ratio of EXPR is 0.03, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,253K shares representing 3.02% ownership of the company. No change in the last quarter.
Royce & Associates holds 1,888K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 1,863K shares, representing an increase of 1.32%. The firm decreased its portfolio allocation in EXPR by 26.00% over the last quarter.
IWM - iShares Russell 2000 ETF holds 1,434K shares representing 1.92% ownership of the company. In it's prior filing, the firm reported owning 1,350K shares, representing an increase of 5.83%. The firm decreased its portfolio allocation in EXPR by 14.26% over the last quarter.
FNDA - Schwab Fundamental U.S. Small Company Index ETF holds 1,219K shares representing 1.63% ownership of the company. In it's prior filing, the firm reported owning 1,078K shares, representing an increase of 11.49%. The firm decreased its portfolio allocation in EXPR by 23.48% over the last quarter.
Geode Capital Management holds 1,214K shares representing 1.63% ownership of the company. In it's prior filing, the firm reported owning 1,172K shares, representing an increase of 3.39%. The firm decreased its portfolio allocation in EXPR by 25.93% over the last quarter.
Express Background Information
(This description is provided by the company.)
Express is a modern, versatile, dual gender apparel and accessories brand that helps people get dressed for every day and any occasion. Launched in 1980 with the idea that style, quality and value should all be found in one place, Express has always been a brand of the now, offering some of the most important and enduring fashion trends. Express aims to Create Confidence & Inspire Self-Expression through a design & merchandising view that brings forward The Best of Now for Real Life Versatility.
Additional reading:
- EXPRESS, INC. (EXPR) PROVIDES PRELIMINARY SECOND QUARTER 2023 RESULTS; ANNOUNCES FURTHER STRATEGIC ACTIONS AND GOAL TO DELIVER $200 MILLION IN ANNUALIZED SAVINGS BY 2025 Second quarter 2023 net sales and diluted loss per share expected to be in the r
- OTHER CASH-BASED AWARD AGREEMENT PURSUANT TO THE AMENDED AND RESTATED EXPRESS, INC. 2018 INCENTIVE COMPENSATION PLAN * * * * *
- License Agreement, by and between Express, Inc. and WHP Investments, LLC, dated May 23, 2023.
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