Express, Inc. (EXPR) Upgraded to C- by TheStreet
Express, Inc. (NYSE:EXPR) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a report issued on Thursday.
EXPR has been the topic of several other reports. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised Express from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Tuesday, October 24th. BMO Capital Markets reissued a “hold” rating and set a $7.00 price target on shares of Express in a research note on Thursday, November 2nd. FBR & Co reissued a “hold” rating and set a $7.00 price target on shares of Express in a research note on Friday, September 29th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $6.00 price target on shares of Express in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.20.
Shares of Express (NYSE EXPR) opened at $7.71 on Thursday. The firm has a market capitalization of $538.22, a PE ratio of 20.09 and a beta of 1.33. Express has a 12 month low of $5.28 and a 12 month high of $14.39.
Express (NYSE:EXPR) last released its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $478.50 million for the quarter, compared to analyst estimates of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. Express’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. equities research analysts predict that Express will post 0.45 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the business. Westport Asset Management Inc. bought a new stake in Express in the third quarter worth approximately $608,000. California Public Employees Retirement System increased its holdings in Express by 31.1% in the third quarter. California Public Employees Retirement System now owns 519,680 shares of the company’s stock worth $3,513,000 after purchasing an additional 123,380 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Express in the third quarter worth approximately $215,000. Point72 Asset Management L.P. increased its holdings in shares of Express by 11.7% during the third quarter. Point72 Asset Management L.P. now owns 150,700 shares of the company’s stock valued at $1,019,000 after acquiring an additional 15,800 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Express during the third quarter valued at approximately $484,000. Institutional investors and hedge funds own 99.14% 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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