Express, Inc. (NYSE:EXPR) Upgraded to “Sell” at BidaskClub
BidaskClub upgraded shares of Express, Inc. (NYSE:EXPR) from a strong sell rating to a sell rating in a research report released on Wednesday morning.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Express from a hold rating to a sell rating in a research report on Friday, June 16th. MKM Partners reiterated a neutral rating on shares of Express in a research report on Tuesday, April 18th. Deutsche Bank AG increased their target price on shares of Express from $8.00 to $10.00 and gave the stock a hold rating in a research report on Wednesday, May 31st. TheStreet downgraded shares of Express from a c rating to a d+ rating in a research report on Thursday, June 1st. Finally, Wolfe Research increased their target price on shares of Express from $6.00 to $10.00 and gave the stock a peer perform rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $10.63.
Shares of Express (NYSE EXPR) traded down 4.50% during mid-day trading on Wednesday, hitting $6.16. 2,178,509 shares of the stock traded hands. Express has a 52 week low of $5.84 and a 52 week high of $16.38. The stock has a 50-day moving average of $6.31 and a 200-day moving average of $8.33. The company has a market cap of $483.22 million, a price-to-earnings ratio of 12.08 and a beta of 1.44.
Express (NYSE:EXPR) last issued its quarterly earnings results on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Express had a net margin of 1.85% and a return on equity of 5.83%. The firm had revenue of $467.03 million during the quarter, compared to analysts’ expectations of $468 million. During the same quarter last year, the company posted $0.25 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. Analysts anticipate that Express will post $0.42 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPR. BlackRock Inc. increased its position in Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock worth $91,425,000 after buying an additional 10,016,363 shares in the last quarter. Norges Bank acquired a new position in Express during the fourth quarter worth $15,217,000. Neuberger Berman Group LLC increased its position in Express by 51.2% in the second quarter. Neuberger Berman Group LLC now owns 1,990,319 shares of the company’s stock worth $13,435,000 after buying an additional 673,630 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Express by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock worth $60,149,000 after buying an additional 501,305 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Express by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock worth $65,997,000 after buying an additional 440,448 shares in the last quarter. Institutional investors and hedge funds own 96.46% of the company’s stock.
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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