BidaskClub cut shares of Express, Inc. (NYSE:EXPR) from a sell rating to a strong sell rating in a research note issued to investors on Thursday morning.
EXPR has been the topic of several other reports. TheStreet lowered Express from a c rating to a d+ rating in a research report on Thursday, June 1st. Zacks Investment Research lowered Express from a hold rating to a sell rating in a research report on Friday, June 16th. Deutsche Bank AG upped their target price on Express from $8.00 to $10.00 and gave the company a hold rating in a research report on Wednesday, May 31st. BMO Capital Markets reaffirmed a hold rating and set a $7.00 target price on shares of Express in a research report on Friday, June 2nd. Finally, MKM Partners reaffirmed a neutral rating and set a $7.00 target price (down from $10.00) on shares of Express in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $9.77.
Express (NYSE:EXPR) traded down 0.52% during midday trading on Thursday, hitting $5.70. The stock had a trading volume of 1,885,270 shares. Express has a 52-week low of $5.51 and a 52-week high of $16.38. The stock has a market cap of $447.14 million, a PE ratio of 11.18 and a beta of 1.44. The company’s 50 day moving average price is $6.23 and its 200-day moving average price is $8.16.
Express (NYSE:EXPR) last released its quarterly earnings results on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $467.03 million during the quarter, compared to the consensus estimate of $468 million. Express had a return on equity of 5.83% and a net margin of 1.85%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Analysts forecast that Express will post $0.42 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the stock. OppenheimerFunds Inc. increased its stake in Express by 42.9% in the first quarter. OppenheimerFunds Inc. now owns 179,539 shares of the company’s stock valued at $1,636,000 after buying an additional 53,922 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Express during the first quarter valued at $132,000. Princeton Alpha Management LP purchased a new stake in Express during the first quarter valued at $231,000. Highbridge Capital Management LLC purchased a new stake in Express during the fourth quarter valued at $178,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Express during the first quarter valued at $192,000. Institutional investors and hedge funds own 91.81% of the company’s stock.
About Express
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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