ValuEngine lowered shares of Express (NYSE:EXPR) from a buy rating to a hold rating in a research note issued to investors on Friday.
A number of other research firms have also recently commented on EXPR. Zacks Investment Research upgraded Express from a sell rating to a hold rating in a research note on Tuesday, March 13th. Wedbush began coverage on Express in a research note on Thursday, May 10th. They issued a neutral rating and a $9.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, Express currently has a consensus rating of Hold and a consensus price target of $9.07.
Express opened at $9.34 on Friday, according to MarketBeat Ratings. The company has a market capitalization of $689.34 million, a PE ratio of 20.80 and a beta of 0.89. Express has a 52 week low of $5.28 and a 52 week high of $11.34.
Express (NYSE:EXPR) last released its earnings results on Thursday, May 31st. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. The company had revenue of $479.40 million during the quarter, compared to analysts’ expectations of $460.78 million. Express had a return on equity of 5.39% and a net margin of 1.14%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) EPS. analysts expect that Express will post 0.42 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in Express by 1.7% during the first quarter. Royal Bank of Canada now owns 363,748 shares of the company’s stock valued at $2,604,000 after buying an additional 6,082 shares during the last quarter. Swiss National Bank raised its stake in Express by 5.0% during the first quarter. Swiss National Bank now owns 137,300 shares of the company’s stock valued at $983,000 after buying an additional 6,600 shares during the last quarter. KBC Group NV raised its stake in Express by 105.1% during the first quarter. KBC Group NV now owns 16,562 shares of the company’s stock valued at $119,000 after buying an additional 8,487 shares during the last quarter. Zeke Capital Advisors LLC purchased a new position in Express during the fourth quarter valued at $108,000. Finally, Crossmark Global Holdings Inc. raised its stake in Express by 39.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 42,596 shares of the company’s stock valued at $432,000 after buying an additional 12,053 shares during the last quarter.
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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