Zacks Investment Research cut shares of Express Inc. (NYSE:EXPR) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

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. “

Several other analysts have also recently commented on EXPR. BlueFin Research restated a market perform rating and set a $20.00 price objective on shares of Express in a research note on Wednesday, August 17th. Deutsche Bank AG cut shares of Express from a buy rating to a hold rating and decreased their price objective for the company from $19.00 to $12.00 in a research note on Wednesday, August 24th. Wedbush cut shares of Express from an outperform rating to a neutral rating and decreased their price objective for the company from $17.00 to $12.00 in a research note on Wednesday, August 24th. Piper Jaffray Cos. cut shares of Express from an overweight rating to a neutral rating in a research note on Wednesday, August 24th. Finally, CL King cut shares of Express from a buy rating to a neutral rating in a research note on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $16.53.

Express (NYSE:EXPR) traded up 0.43% during trading on Tuesday, reaching $14.07. 725,930 shares of the company traded hands. The firm has a 50-day moving average price of $12.18 and a 200-day moving average price of $13.98. Express has a 52 week low of $11.28 and a 52 week high of $21.57. The company has a market capitalization of $1.11 billion, a P/E ratio of 10.88 and a beta of 1.59.

Express (NYSE:EXPR) last released its earnings results on Wednesday, August 24th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.04. Express had a return on equity of 18.62% and a net margin of 4.55%. The company had revenue of $504.80 million for the quarter, compared to analysts’ expectations of $520.81 million. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. Analysts forecast that Express will post $1.05 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Express by 486.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,548 shares of the company’s stock valued at $113,000 after buying an additional 7,919 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Express during the second quarter valued at about $114,000. Capital Fund Management S.A. acquired a new stake in shares of Express during the third quarter valued at about $136,000. US Bancorp DE boosted its stake in shares of Express by 23.2% in the second quarter. US Bancorp DE now owns 10,052 shares of the company’s stock valued at $146,000 after buying an additional 1,896 shares in the last quarter. Finally, Phoenix Investment Adviser LLC acquired a new stake in shares of Express during the third quarter valued at about $147,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Express Company Profile

Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions.

5 Day Chart for NYSE:EXPR

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