BidaskClub Lowers Express, Inc. (EXPR) to Strong Sell
BidaskClub lowered shares of Express, Inc. (NYSE:EXPR) from a sell rating to a strong sell rating in a report published on Thursday.
EXPR has been the subject of several other reports. TheStreet cut shares of Express from a c rating to a d+ rating in a research report on Thursday, June 1st. Zacks Investment Research cut shares of Express from a hold rating to a sell rating in a research report on Friday, June 16th. Deutsche Bank AG raised their price objective 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. BMO Capital Markets restated a hold rating and set a $7.00 price objective on shares of Express in a research report on Friday, June 2nd. Finally, MKM Partners restated a neutral rating and set a $7.00 price objective (down from $10.00) on shares of Express in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $9.77.
Express (NYSE EXPR) opened at 5.70 on Thursday. The company’s 50 day moving average is $6.19 and its 200-day moving average is $8.13. Express has a 1-year low of $5.51 and a 1-year high of $16.38. The stock has a market capitalization of $447.14 million, a PE ratio of 11.18 and a beta of 1.44.
Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Express had a return on equity of 5.83% and a net margin of 1.85%. The firm had revenue of $467.03 million for the quarter, compared to analyst estimates of $468 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. Express’s revenue for the quarter was down 7.1% on a year-over-year basis. Analysts forecast that Express will post $0.42 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised 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 valued at $91,425,000 after buying an additional 10,016,363 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Express during the second quarter valued at approximately $33,597,000. Renaissance Technologies LLC raised its position in Express by 478.1% in the second quarter. Renaissance Technologies LLC now owns 1,879,300 shares of the company’s stock valued at $12,685,000 after buying an additional 1,554,200 shares during the last quarter. Neuberger Berman Group LLC raised 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 valued at $13,435,000 after buying an additional 673,630 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised 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 valued at $60,149,000 after buying an additional 501,305 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.
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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