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What Are Analysts Recommending for Express Stock?

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Rating synopsis

All seven analysts that cover Express (EXPR) stock have recommended a “hold” rating as of January 12, 2018. Following the dismal holiday sales performance and subsequent downward revision of its fiscal 4Q17 outlook, both Deutsche Bank and Suntrust Robinson have slashed their target price for Express. On January 10, 2018, Deutsche Bank reduced its target price to $9 from the $11 projected earlier, and Suntrust Robinson cut the target price to $8 from $10 earlier.

Express is one of the leading apparel and accessories retailers. Like all other traditional retailers, the company is heavily investing in its omnichannel, rationalizing its store base, and cutting costs through operational effectiveness as the retail landscape changes radically. It is also focusing on enhancing brand visibility and has revamped Next, its loyalty membership program. Currently, the analysts’ 12-month average target price for Express stock is $9.83, which reflects a 35.4% upside to the stock price as of January 12, 2018.

Peer ratings

Out of 18 analysts covering American Eagle Outfitters (AEO), 44% have provided a “hold” rating, while ~56.0% of the 16 analysts covering Abercrombie & Fitch (ANF) have given it a “hold” rating. 67% of analysts have given Buckle (BKE) a “hold” rating.

Currently, the analysts’ target price for American Eagle Outfitters is $18.35, reflecting a 0.1% upside to the stock price as of January 12, 2018. For Abercrombie & Fitch, the mean target price is $14.46, which indicates a 24.3% downside to the stock price as of January 12, 2018. Buckle has a target price of $20.00, implying a ~4.5% downside to the stock price as of January 12, 2018.

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