Express, Inc. (NYSE:EXPR) – Equities researchers at B. Riley dropped their Q3 2019 EPS estimates for shares of Express in a note issued to investors on Wednesday, March 14th, Zacks Investment Research reports. B. Riley analyst S. Anderson now forecasts that the company will earn $0.07 per share for the quarter, down from their prior forecast of $0.10. B. Riley also issued estimates for Express’ Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $0.41 EPS.
EXPR has been the subject of a number of other research reports. Zacks Investment Research cut shares of Express from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research note on Wednesday, January 3rd. SunTrust Banks cut their price target on shares of Express to $8.00 and set a “hold” rating for the company in a research note on Wednesday, January 10th. Finally, ValuEngine cut shares of Express from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $8.75.
Shares of EXPR opened at $7.56 on Friday. The stock has a market cap of $593.43, a price-to-earnings ratio of 21.00 and a beta of 0.94. Express has a 12 month low of $5.28 and a 12 month high of $11.34.
Express (NYSE:EXPR) last released its earnings results on Wednesday, March 14th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The business had revenue of $693.80 million during the quarter, compared to analysts’ expectations of $686.82 million. Express had a net margin of 0.91% and a return on equity of 4.45%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share.
Large investors have recently bought and sold shares of the company. First Eagle Investment Management LLC bought a new position in shares of Express in the third quarter valued at approximately $1,055,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Express by 32.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 445,663 shares of the company’s stock valued at $3,012,000 after acquiring an additional 110,287 shares during the last quarter. Phocas Financial Corp. bought a new position in shares of Express in the fourth quarter valued at approximately $7,127,000. Frontier Capital Management Co. LLC raised its stake in shares of Express by 15.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 755,477 shares of the company’s stock valued at $7,668,000 after acquiring an additional 102,545 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Express by 56.0% in the third quarter. Wells Fargo & Company MN now owns 92,975 shares of the company’s stock valued at $628,000 after acquiring an additional 33,359 shares during the last quarter. Institutional investors own 99.08% of the company’s stock.
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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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