Express Inc. (EXPR) Upgraded by Zacks Investment Research to Hold
Express Inc. (NYSE:EXPR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors 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. “
Other equities analysts have also issued research reports about the company. BlueFin Research reaffirmed a “market perform” rating and set a $20.00 price target on shares of Express in a research note on Wednesday, August 17th. MKM Partners cut their target price on Express from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. CL King lowered Express from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 24th. Wedbush lowered Express from an “outperform” rating to a “neutral” rating and cut their target price for the company from $17.00 to $12.00 in a research note on Wednesday, August 24th. Finally, Mizuho cut their target price on Express from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.53.
Express (NYSE:EXPR) traded up 1.69% during trading on Monday, reaching $13.87. The company’s stock had a trading volume of 1,959,146 shares. The stock’s 50 day moving average is $12.45 and its 200-day moving average is $13.83. The firm has a market cap of $1.09 billion, a P/E ratio of 10.73 and a beta of 1.59. Express has a 52 week low of $11.28 and a 52 week high of $21.57.
Express (NYSE:EXPR) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.04. Express had a net margin of 4.55% and a return on equity of 18.62%. The firm had revenue of $504.80 million for the quarter, compared to analyst estimates of $520.81 million. During the same period last year, the company earned $0.25 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Express will post $1.05 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Profund Advisors LLC increased its position in Express by 0.3% in the second quarter. Profund Advisors LLC now owns 22,508 shares of the company’s stock worth $327,000 after buying an additional 66 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Express by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 23,890 shares of the company’s stock worth $281,000 after buying an additional 210 shares in the last quarter. Paradigm Capital Management Inc. NY increased its position in Express by 0.3% in the third quarter. Paradigm Capital Management Inc. NY now owns 185,150 shares of the company’s stock worth $2,183,000 after buying an additional 475 shares in the last quarter. Sei Investments Co. increased its position in Express by 2.0% in the second quarter. Sei Investments Co. now owns 38,487 shares of the company’s stock worth $559,000 after buying an additional 772 shares in the last quarter. Finally, Suntrust Banks Inc. increased its position in Express by 7.0% in the second quarter. Suntrust Banks Inc. now owns 14,277 shares of the company’s stock worth $206,000 after buying an additional 935 shares in the last quarter. Institutional investors and hedge funds own 96.10% 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, 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.
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