Express, Inc. (EXPR) Upgraded by BidaskClub to Sell
Express, Inc. (NYSE:EXPR) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.
EXPR has been the subject of several other reports. BMO Capital Markets set a $7.00 price target on Express and gave the stock a “hold” rating in a research report on Thursday, July 6th. FBR & Co restated a “hold” rating and set a $7.00 price target on shares of Express in a research report on Friday, September 29th. Zacks Investment Research lowered Express from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $6.00 price target on shares of Express in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.25.
Shares of Express (NYSE EXPR) traded up 4.28% during trading on Wednesday, hitting $6.34. The stock had a trading volume of 2,200,475 shares. Express has a 52-week low of $5.28 and a 52-week high of $14.39. The firm has a market cap of $499.50 million, a price-to-earnings ratio of 27.57 and a beta of 1.47. The firm’s 50-day moving average is $6.53 and its 200 day moving average is $6.99.
Express (NYSE:EXPR) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Express had a return on equity of 4.25% and a net margin of 0.85%. The business had revenue of $478.50 million during the quarter, compared to analyst estimates of $474.11 million. During the same period last year, the business posted $0.13 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts expect that Express will post $0.43 EPS for the current year.
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Large investors have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd purchased a new position in Express in the first quarter valued at $131,000. Karp Capital Management Corp purchased a new position in Express in the first quarter valued at $132,000. State of Alaska Department of Revenue boosted its holdings 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 purchasing an additional 6,711 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in 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 period. Finally, Piedmont Investment Advisors LLC purchased a new position in Express in the second quarter valued at $114,000. Hedge funds and other institutional investors own 99.23% 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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