Express, Inc. (NYSE:EXPR) – Investment analysts at Wedbush issued their FY2023 EPS estimates for Express in a report issued on Wednesday, April 7th. Wedbush analyst J. Redding anticipates that the company will post earnings of ($0.05) per share for the year.
Other analysts also recently issued reports about the company. B. Riley raised their target price on Express from $1.50 to $3.50 and gave the stock a “neutral” rating in a research note on Thursday, March 11th. Zacks Investment Research downgraded Express from a “hold” rating to a “sell” rating in a research note on Monday, March 15th.
Express (NYSE:EXPR) last issued its earnings results on Tuesday, March 9th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.19. Express had a negative return on equity of 119.08% and a negative net margin of 35.66%. The business had revenue of $430.34 million during the quarter, compared to the consensus estimate of $438.61 million.
Large investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its position in shares of Express by 8.5% during the 4th quarter. SG Americas Securities LLC now owns 41,437 shares of the company’s stock worth $38,000 after purchasing an additional 3,262 shares during the last quarter. Virtu Financial LLC purchased a new position in Express during the 4th quarter valued at about $38,000. Public Employees Retirement System of Ohio boosted its holdings in Express by 76.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,427 shares of the company’s stock valued at $41,000 after acquiring an additional 28,847 shares during the period. Paloma Partners Management Co purchased a new position in Express during the 3rd quarter valued at about $58,000. Finally, ExodusPoint Capital Management LP purchased a new position in Express during the 4th quarter valued at about $60,000. 70.21% of the stock is owned by hedge funds and other institutional investors.
Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for various occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America. As of October 31, 2020, it operated 592 stores comprising 378 retail stores and 214 factory outlet stores in the United States and Puerto Rico, as well as an online store.
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