Express, Inc. (EXPR) Downgraded by BidaskClub
Express, Inc. (NYSE:EXPR) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Express from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Deutsche Bank AG lifted 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. TheStreet lowered shares of Express from a “c” rating to a “d+” rating in a report on Thursday, June 1st. Wolfe Research lifted 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. Finally, Morgan Stanley lifted their price target on shares of Express from $7.50 to $10.50 and gave the stock an “equal weight” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.77.
Express (NYSE EXPR) traded down 0.52% on Thursday, reaching $5.70. The company’s stock had a trading volume of 1,885,270 shares. The firm’s 50 day moving average is $6.19 and its 200-day moving average is $8.13. Express has a 12 month low of $5.51 and a 12 month high of $16.38. The firm has a market cap of $447.14 million, a P/E ratio of 11.18 and a beta of 1.44.
Express (NYSE:EXPR) last posted its earnings results 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 company had revenue of $467.03 million for the quarter, compared to the consensus estimate of $468 million. Express had a return on equity of 5.83% and a net margin of 1.85%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. On average, equities research analysts anticipate that Express will post $0.42 EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in Express by 77.6% in the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock valued at $103,000 after buying an additional 6,711 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Express during the second quarter valued at about $114,000. Fox Run Management L.L.C. purchased a new position in Express during the second quarter valued at about $119,000. Municipal Employees Retirement System of Michigan raised its position in Express by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock valued at $125,000 after buying an additional 620 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in Express during the first quarter valued at about $131,000. Institutional investors and hedge funds 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.
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