Express, Inc. (EXPR) Lowered to Sell at Zacks Investment Research
Express, Inc. (NYSE:EXPR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.
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 equities research analysts have also weighed in on EXPR. Morgan Stanley raised their price objective on Express from $7.50 to $10.50 and gave the stock an “equal weight” rating in a research note on Wednesday. TheStreet lowered Express from a “c” rating to a “d+” rating in a report on Thursday, June 1st. MKM Partners reiterated a “neutral” rating and set a $7.00 price objective (down from $10.00) on shares of Express in a report on Friday, June 2nd. Wolfe Research increased their price objective on Express from $6.00 to $10.00 and gave the stock a “peer perform” rating in a report on Friday, June 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $7.00 price objective on shares of Express in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Express currently has an average rating of “Hold” and a consensus price target of $11.05.
Shares of Express (EXPR) traded up 1.03% during trading on Friday, reaching $6.86. The company had a trading volume of 3,381,973 shares. The stock’s 50-day moving average price is $7.76 and its 200-day moving average price is $9.64. The stock has a market capitalization of $538.13 million, a PE ratio of 13.45 and a beta of 1.41. Express has a 12 month low of $5.96 and a 12 month high of $16.38.
Express (NYSE:EXPR) last issued its quarterly earnings results on Thursday, June 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. The firm had revenue of $467.03 million for the quarter, compared to the consensus estimate of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. Equities analysts forecast that Express will post $0.43 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. J. Goldman & Company purchased a new stake in Express during the third quarter valued at about $2,681,000. Capital Fund Management S.A. bought a new position in shares of Express during the fourth quarter valued at approximately $1,735,000. Capital One National Association bought a new position in shares of Express during the fourth quarter valued at approximately $779,000. Lombardia Capital Partners LLC increased its position in shares of Express by 504.2% in the fourth quarter. Lombardia Capital Partners LLC now owns 1,142,996 shares of the company’s stock valued at $19,751,000 after buying an additional 953,816 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in shares of Express during the fourth quarter valued at approximately $14,769,000. Institutional investors and hedge funds own 98.21% 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. 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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