BMO Capital Reiterates a Hold Rating on Express

By Ryan Adsit

BMO Capital analyst John Morris reiterated a Hold rating on Express (NYSE: EXPR) on September 10 and set a price target of $7. The company’s shares opened today at $6.45, close to its 52-week low of $5.28.

According to TipRanks.com, Morris is a 1-star analyst with an average return of -3.8% and a 37.3% success rate. Morris covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Burlington Stores.

Express has an analyst consensus of Hold, with a price target consensus of $7.

Based on Express’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $479 million and GAAP net loss of $11.8 million. In comparison, last year the company earned revenue of $505 million and had a net profit of $10.14 million.

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Express, Inc. engages in the retail of specialty apparel, and accessories for both women and men. It offers products which address fashion needs across lifestyles, work, casual, jeanswear, and going-out occasions. The company was founded in 1980 and is headquartered in Columbus, OH.