BidaskClub lowered shares of Express, Inc. (NYSE:EXPR) from a sell rating to a strong sell rating in a research report sent to investors on Thursday morning.
Other research analysts also recently issued research reports about the company. Morgan Stanley lifted their price target on Express from $7.50 to $10.50 and gave the stock an equal weight rating in a research note on Wednesday, June 14th. BMO Capital Markets set a $7.00 price target on Express and gave the stock a hold rating in a research note on Thursday, July 6th. FBR & Co reaffirmed a hold rating and set a $7.00 price target on shares of Express in a research note on Friday, September 29th. Zacks Investment Research downgraded Express from a hold rating to a sell rating in a research note on Wednesday, August 23rd. Finally, SunTrust Banks, Inc. reaffirmed a hold rating and set a $6.00 price target on shares of Express in a research note on Monday, October 2nd. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of $8.25.
Express (EXPR) traded up 0.34% during midday trading on Thursday, hitting $5.90. 2,888,878 shares of the stock were exchanged. The firm has a 50-day moving average price of $6.58 and a 200-day moving average price of $7.09. The stock has a market cap of $464.84 million, a P/E ratio of 25.65 and a beta of 1.47. Express has a one year low of $5.28 and a one year high of $14.39.
Express (NYSE:EXPR) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $478.50 million during the quarter, compared to the consensus estimate of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. On average, equities research analysts anticipate that Express will post $0.43 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the business. BlueCrest Capital Management Ltd purchased a new stake in Express in the 1st quarter valued at about $131,000. Karp Capital Management Corp purchased a new stake in Express in the 1st quarter valued at about $132,000. State of Alaska Department of Revenue grew its holdings in Express by 77.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock valued at $103,000 after buying an additional 6,711 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Express by 21.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock valued at $146,000 after buying an additional 2,795 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new stake in Express in the 2nd quarter valued at about $114,000. Institutional investors own 99.23% of the company’s stock.
Express Company Profile
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.
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