Express (NYSE:EXPR) had its price objective cut by Wedbush from $6.00 to $5.00 in a research note issued to investors on Thursday morning. They currently have a neutral rating on the stock.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Express from a hold rating to a sell rating in a research note on Wednesday, March 6th. ValuEngine upgraded Express from a strong sell rating to a sell rating in a research note on Sunday, March 3rd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $6.75.

NYSE:EXPR opened at $4.30 on Thursday. The firm has a market capitalization of $294.68 million, a PE ratio of 11.94 and a beta of 1.12. Express has a one year low of $4.22 and a one year high of $11.69.

Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $628.40 million during the quarter, compared to analyst estimates of $629.63 million. Express had a return on equity of 5.94% and a net margin of 1.84%. Express’s revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. As a group, research analysts anticipate that Express will post 0.3 earnings per share for the current fiscal year.

In other news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $5.36, for a total value of $1,288,678.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Express by 204.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,245,987 shares of the company’s stock worth $13,781,000 after buying an additional 836,893 shares in the last quarter. Man Group plc purchased a new stake in Express in the 3rd quarter worth $262,000. Teachers Advisors LLC increased its stake in Express by 4.3% in the 3rd quarter. Teachers Advisors LLC now owns 148,730 shares of the company’s stock worth $1,645,000 after buying an additional 6,126 shares in the last quarter. Vanguard Group Inc. increased its stake in Express by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 7,256,644 shares of the company’s stock worth $80,259,000 after buying an additional 98,995 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Express by 8.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 96,198 shares of the company’s stock worth $491,000 after buying an additional 7,488 shares in the last quarter.

Express Company Profile

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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