Express Stock Price Analysis:
Based on 10 analysts’ estimates, the average analyst Express stock price target is $2.85 for the upcoming 12 months. The consensus analyst rating for Express Inc. (EXPR:NYE) is Neutral.
Express Inc’s stock analysis by Stock Target Advisor, which is based on 4 positive signs and 10 negative signals, is Bearish. The express stock price was USD 1.28 at the most recent closing.
The stock price of Express Inc. has changed by -9.86% in the last week, +9.40% in the last month.
The Crowd Rating on the stock is a consensus Strong Buy, with a 12-month Crowd target of $3 per share.
Express Stock Price-News:
Express Inc. reported a $25 million investment from WHP Global Inc. and signals a deal for a joint venture with the brand-licensing company on Thursday.
The positive news drove the stock up over 40 percent to a high. WHP Global made an agreement to acquire 5.4 million shares for $4.60 each, representing a 7.4% stake in the company’s equity.
Express and WHP are establishing a $400 million intellectual property joint venture with the future intention of growing the Express brand both domestically and around the world. WHP will transfer $235 million to the new joint venture in return for 60 percent ownership in the company.
Express reported 3rd quarter earnings that showed the company’s operations created a quarterly loss. as sales figures were dropping significantly.
About Express Inc. (EXPR:NYE):
Under the Express brand, Express, Inc. offers clothing and accessories for both men and women for a variety of events.
The business offers its goods through franchisee Express sites around Latin America as well as its e-commerce website express.com, smartphone app, and other platforms. It ran 561 stores as of January 29, 2022, throughout Puerto Rico and 46 different states across the country.
Express Parent LLC was the company’s previous name before it was changed to Express, Inc. in May 2010. The corporate headquarters of Express, Inc. are in Columbus, Ohio.