B.Riley FBR Maintains Their Hold Rating on Express

By Ryan Adsit

B.Riley FBR analyst Susan Anderson maintained a Hold rating on Express (NYSE: EXPR) today and set a price target of $7. The company’s shares closed yesterday at $7.40.

Anderson wrote:

“EXPR reported 4Q17 adj. EPS of $0.34, vs. B. Riley FB R/consensus of $0.32 and guidance of $0.31–$0.33. SSS were –1% (B. Riley FBR/consensus of –2.0%/–1.9%), vs. –2% to –1% guidance. GM leveraged +160 bps (B. Riley FBR/consensus of +100 bps/+129 bps), while SG&A de- leveraged –70 bps (B. Riley FBR/consensus –40 bps/flat). Management guided 1Q18 EPS to ($0.04)–$0.00, compared to B. Rile y FBR/consensus of flat/ ( $0.01) and 2018 EPS to $0.32– $0.46 (vs. B. Riley FBR/consensus of $0.45/$0.53). For SSS, EXPR guided 1Q18 to –1% to +1% (vs. B. Riley FBR/consensus of +3.0%/+0.5%) and 2018 to –1% to +1% (vs. B. Riley FBR/ consensus of +0.9%/+0.5%). It is nice to see expanding merch margin trends and e-commerce sales, and we will be listening on the call for more details regarding the current environment, inventory health, outlet strategy, 1QTD sales, omni-channel/systems initiatives, GM/merch margin outlook, trends in men’s versus women’s, and prevailing fashion trends.”

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 4.0% and a 54.3% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.

Express has an analyst consensus of Hold, with a price target consensus of $7.83.

The company has a one-year high of $11.34 and a one-year low of $5.28. Currently, Express has an average volume of 2.68M.

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Express, Inc. is a retailer of specialty apparel, and accessories for both men and women. It offers products which address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear, and going-out occasions. The company was founded in 1980 and is headquartered in Columbus, OH.