BidaskClub Downgrades Express, Inc. (EXPR) to Strong Sell
Express, Inc. (NYSE:EXPR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.
Other research analysts have also recently issued reports about the stock. SunTrust Banks, Inc. reissued a “hold” rating and set a $6.00 price target on shares of Express in a report on Monday, October 2nd. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. FBR & Co reaffirmed a “hold” rating and issued a $7.00 target price on shares of Express in a report on Friday, September 29th. BMO Capital Markets reaffirmed a “hold” rating and issued a $7.00 target price on shares of Express in a report on Wednesday, September 13th. Finally, Morgan Stanley increased their target price on shares of Express from $7.50 to $10.50 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $8.25.
Express (NYSE EXPR) traded up 0.34% during trading on Thursday, hitting $5.90. The company’s stock had a trading volume of 2,888,878 shares. The company has a 50-day moving average of $6.57 and a 200 day moving average of $7.05. Express has a one year low of $5.28 and a one year high of $14.39. The firm has a market cap of $464.93 million, a PE ratio of 25.65 and a beta of 1.47.
Express (NYSE:EXPR) last announced its earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Express had a net margin of 0.85% and a return on equity of 4.25%. The business had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $474.11 million. During the same period in the prior year, the company earned $0.13 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts forecast that Express will post $0.43 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd acquired a new stake in shares of Express in the first quarter valued at approximately $131,000. Karp Capital Management Corp acquired a new stake in shares of Express in the first quarter valued at approximately $132,000. State of Alaska Department of Revenue grew its position in shares of 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 purchasing an additional 6,711 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Express by 21.1% in the first quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock valued at $146,000 after purchasing an additional 2,795 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Express in the second quarter valued at approximately $114,000. Institutional investors and hedge funds own 99.23% 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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