Express, Inc. (EXPR) Raised to Hold at Zacks Investment Research
Express, Inc. (NYSE:EXPR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
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. “
A number of other research analysts have also recently weighed in on EXPR. UBS AG restated a “sell” rating and issued a $8.00 price objective (down previously from $10.00) on shares of Express in a report on Tuesday, April 18th. MKM Partners reiterated a “neutral” rating on shares of Express in a report on Tuesday, April 18th. Deutsche Bank AG boosted their price target on shares of Express from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, May 31st. BMO Capital Markets reiterated a “hold” rating and set a $7.00 price target on shares of Express in a report on Friday, June 2nd. Finally, Wolfe Research boosted their price target on shares of Express from $6.00 to $10.00 and gave the stock a “peer perform” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.63.
Shares of Express (NYSE:EXPR) traded down 6.23% during midday trading on Tuesday, hitting $5.57. 2,273,253 shares of the stock traded hands. The stock has a 50-day moving average of $6.30 and a 200-day moving average of $8.23. Express has a 52-week low of $5.51 and a 52-week high of $16.38. The company has a market cap of $436.94 million, a price-to-earnings ratio of 10.92 and a beta of 1.44.
Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $467.03 million during the quarter, compared to analyst estimates of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. On average, equities analysts predict that Express will post $0.42 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake 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 period. Nomura Holdings Inc. acquired a new stake in Express during the second quarter valued at approximately $33,597,000. Renaissance Technologies LLC increased its stake 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 period. Neuberger Berman Group LLC increased its stake 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 period. Finally, Dimensional Fund Advisors LP increased its stake 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 period. Hedge funds and other institutional investors own 91.81% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express Inc. and related companies with MarketBeat.com's FREE daily email newsletter.