Express (EXPR) Upgraded at Zacks Investment Research

Express (NYSE:EXPR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Monday.

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. “

EXPR has been the subject of a number of other reports. ValuEngine upgraded shares of Express from a “hold” rating to a “buy” rating in a report on Thursday. Wedbush assumed coverage on shares of Express in a report on Thursday, May 10th. They issued a “neutral” rating and a $9.00 target price for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Express presently has an average rating of “Hold” and a consensus price target of $8.77.



Shares of Express traded down $0.06, reaching $9.11, during trading on Monday, MarketBeat reports. The stock had a trading volume of 2,148,300 shares, compared to its average volume of 2,338,105. The firm has a market cap of $690.84 million, a PE ratio of 25.31 and a beta of 0.92. Express has a fifty-two week low of $5.28 and a fifty-two week high of $11.34.

Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, March 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $693.80 million during the quarter, compared to analyst estimates of $686.82 million. Express had a net margin of 0.91% and a return on equity of 4.45%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. equities analysts expect that Express will post 0.42 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in Express by 56.0% in the third quarter. Wells Fargo & Company MN now owns 92,975 shares of the company’s stock valued at $628,000 after acquiring an additional 33,359 shares in the last quarter. Bank of Montreal Can raised its holdings in Express by 6.6% in the fourth quarter. Bank of Montreal Can now owns 290,743 shares of the company’s stock valued at $2,951,000 after acquiring an additional 18,119 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Express by 12.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,252,829 shares of the company’s stock valued at $12,717,000 after acquiring an additional 140,628 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Express in the fourth quarter valued at $228,000. Finally, Frontier Capital Management Co. LLC raised its holdings in Express by 15.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 755,477 shares of the company’s stock valued at $7,668,000 after acquiring an additional 102,545 shares in the last quarter.

Express Company Profile

Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.

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Analyst Recommendations for Express (NYSE:EXPR)

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