Express (EXPR) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Express (NYSE:EXPR) from a strong sell rating to a hold rating in a report issued on Monday.

According to Zacks, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio. “

A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Express from a hold rating to a sell rating in a report on Monday, April 2nd. Wedbush started coverage on shares of Express in a report on Thursday, May 10th. They issued a neutral rating and a $9.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $8.77.

Shares of EXPR opened at $9.04 on Monday. Express has a 1-year low of $5.28 and a 1-year high of $11.34. The firm has a market capitalization of $665.23 million, a P/E ratio of 24.53 and a beta of 0.92.

Express (NYSE:EXPR) last announced its quarterly earnings results on Wednesday, March 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Express had a net margin of 0.91% and a return on equity of 4.45%. The firm had revenue of $693.80 million during the quarter, compared to analysts’ expectations of $686.82 million. During the same period in the previous year, the company earned $0.29 earnings per share. Express’s quarterly revenue was up 2.2% compared to the same quarter last year. equities analysts predict that Express will post 0.42 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Zeke Capital Advisors LLC acquired a new position in shares of Express during the fourth quarter worth about $108,000. KBC Group NV increased its stake in shares of Express by 105.1% during the first quarter. KBC Group NV now owns 16,562 shares of the company’s stock worth $119,000 after acquiring an additional 8,487 shares during the period. Quantbot Technologies LP acquired a new position in shares of Express during the first quarter worth about $133,000. Alambic Investment Management L.P. acquired a new position in shares of Express during the fourth quarter worth about $147,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Express during the fourth quarter worth about $228,000.

About Express

Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.

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