Zacks Investment Research upgraded shares of Express (NYSE:EXPR) from a sell rating to a hold rating in a report published on Friday morning.
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 several other reports. ValuEngine lowered Express from a buy rating to a hold rating in a research report on Friday, November 16th. B. Riley set a $7.00 price target on Express and gave the stock a hold rating in a research report on Friday, November 30th. Wedbush reduced their target price on Express from $10.00 to $6.00 and set a neutral rating on the stock in a research report on Tuesday. Finally, MKM Partners set a $6.00 target price on Express and gave the company a hold rating in a research report on Thursday, December 6th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $7.00.
Shares of EXPR traded up $0.22 during trading hours on Friday, hitting $5.35. The company had a trading volume of 2,058,144 shares, compared to its average volume of 2,529,813. The firm has a market cap of $383.76 million, a price-to-earnings ratio of 14.86 and a beta of 1.19. Express has a one year low of $4.83 and a one year high of $11.69.
Express (NYSE:EXPR) last released its quarterly earnings results on Thursday, November 29th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The firm had revenue of $515.00 million during the quarter, compared to analyst estimates of $505.46 million. Express had a return on equity of 5.94% and a net margin of 1.84%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, research analysts forecast that Express will post 0.3 earnings per share for the current fiscal year.
In related news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $5.36, for a total transaction of $1,288,678.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Teachers Advisors LLC increased its position in Express by 4.3% during the 3rd quarter. Teachers Advisors LLC now owns 148,730 shares of the company’s stock valued at $1,645,000 after buying an additional 6,126 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Express by 5.2% in the third quarter. Wells Fargo & Company MN now owns 136,870 shares of the company’s stock valued at $1,515,000 after purchasing an additional 6,817 shares during the period. United Services Automobile Association increased its holdings in shares of Express by 54.1% in the second quarter. United Services Automobile Association now owns 24,266 shares of the company’s stock valued at $222,000 after purchasing an additional 8,521 shares during the period. SG Americas Securities LLC increased its holdings in shares of Express by 71.9% in the third quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock valued at $227,000 after purchasing an additional 8,585 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Express by 3.7% in the third quarter. Legal & General Group Plc now owns 261,501 shares of the company’s stock valued at $2,891,000 after purchasing an additional 9,254 shares during the period.
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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