UBS Maintains a 'Buy' on Express Inc. (EXPR); A Misstep, But Still A Consistent Performer
Tweet
Share
E-mail
Get Alerts EXPR Hot Sheet
Price: $0.83 --0%
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Buy' on Express Inc. (NYSE: EXPR) price target lowered from $29 to $25.
Analyst, Roxanne Meyer, said, "It seems EXPR violated a key tenet of their business model (which incl taking a balanced approach to inventory and sales plans by category) by shifting abruptly out of basic knit tops. We acknowledge that this misstep makes EXPR a bit vulnerable NT in defending EXPR’ consistency, but the EPS guidedown was not significant and inventory planning has always been an external variable. We continue to view EXPR as one of the most consistent performers in our group; fundamentals still intact. We view the 27% selloff on a 5% guidance redux as over done (trades ~9x ’13 EPS)."
"Lowering our Q2 estimate to $0.17 from $0.21; FY12 to $1.85 from $1.97 and FY13 from $2.18 to $2.06.
For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.
Shares of Express Inc. closed at $16.76 yesterday.
Analyst, Roxanne Meyer, said, "It seems EXPR violated a key tenet of their business model (which incl taking a balanced approach to inventory and sales plans by category) by shifting abruptly out of basic knit tops. We acknowledge that this misstep makes EXPR a bit vulnerable NT in defending EXPR’ consistency, but the EPS guidedown was not significant and inventory planning has always been an external variable. We continue to view EXPR as one of the most consistent performers in our group; fundamentals still intact. We view the 27% selloff on a 5% guidance redux as over done (trades ~9x ’13 EPS)."
"Lowering our Q2 estimate to $0.17 from $0.21; FY12 to $1.85 from $1.97 and FY13 from $2.18 to $2.06.
For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.
Shares of Express Inc. closed at $16.76 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
- GMR Airports Infrastructure (GMRI:IN) PT Raised to INR99 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
