Express, Inc. (EXPR) Upgraded to “Hold” by Zacks Investment Research
Express, Inc. (NYSE:EXPR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio. “
Other analysts also recently issued reports about the company. TheStreet downgraded Express from a “c” rating to a “d+” rating in a report on Thursday, June 1st. Morgan Stanley increased their price target on Express from $7.50 to $10.50 and gave the stock an “equal weight” rating in a report on Wednesday, June 14th. BMO Capital Markets set a $7.00 price target on Express and gave the stock a “hold” rating in a report on Tuesday, August 8th. Deutsche Bank AG increased their price target on Express from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, May 31st. Finally, MKM Partners reiterated a “neutral” rating on shares of Express in a report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.63.
Express (NYSE EXPR) traded down 6.23% during midday trading on Tuesday, hitting $5.57. The stock had a trading volume of 2,273,253 shares. The stock has a market cap of $436.94 million, a price-to-earnings ratio of 10.92 and a beta of 1.44. Express has a 1-year low of $5.51 and a 1-year high of $16.38. The company has a 50-day moving average of $6.30 and a 200-day moving average of $8.23.
Express (NYSE:EXPR) last posted its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. The company had revenue of $467.03 million during the quarter, compared to analyst estimates of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. Equities research analysts forecast that Express will post $0.42 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in Express by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the company’s stock worth $291,000 after buying an additional 400 shares during the period. Texas Permanent School Fund boosted its position in Express by 0.8% in the second quarter. Texas Permanent School Fund now owns 57,245 shares of the company’s stock worth $386,000 after buying an additional 474 shares during the period. Arizona State Retirement System boosted its position in Express by 1.2% in the first quarter. Arizona State Retirement System now owns 40,900 shares of the company’s stock worth $373,000 after buying an additional 500 shares during the period. Municipal Employees Retirement System of Michigan boosted 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 worth $125,000 after buying an additional 620 shares during the period. Finally, Mason Street Advisors LLC boosted its position in Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock worth $167,000 after buying an additional 1,202 shares during the period. 91.81% of the stock is currently owned by institutional investors.
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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