ValuEngine Downgrades Express (EXPR) to Strong Sell

ValuEngine cut shares of Express (NYSE:EXPR) from a sell rating to a strong sell rating in a research note published on Monday.

Several other equities analysts have also recently commented on the stock. Wedbush cut their target price on shares of Express from $10.00 to $6.00 and set a neutral rating for the company in a research note on Tuesday, January 8th. Zacks Investment Research upgraded shares of Express from a sell rating to a hold rating in a research note on Thursday, January 17th. B. Riley set a $7.00 target price on shares of Express and gave the company a hold rating in a research note on Friday, November 30th. Finally, MKM Partners set a $6.00 target price on shares of Express and gave the company a hold rating in a research note on Thursday, December 6th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $7.00.

NYSE EXPR opened at $5.20 on Monday. The firm has a market cap of $357.04 million, a P/E ratio of 14.44 and a beta of 1.14. Express has a 1 year low of $4.83 and a 1 year high of $11.69.

Express (NYSE:EXPR) last released its earnings results on Thursday, November 29th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The firm had revenue of $515.00 million during the quarter, compared to analysts’ expectations of $505.46 million. Express had a net margin of 1.84% and a return on equity of 5.94%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. On average, analysts anticipate that Express will post 0.3 earnings per share for the current year.

In related news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $5.36, for a total transaction of $1,288,678.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Express in the 4th quarter valued at $63,000. Meeder Asset Management Inc. raised its stake in shares of Express by 827.0% in the 4th quarter. Meeder Asset Management Inc. now owns 13,061 shares of the company’s stock valued at $67,000 after buying an additional 11,652 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Express by 215.2% in the 3rd quarter. Pacer Advisors Inc. now owns 15,931 shares of the company’s stock valued at $176,000 after buying an additional 10,876 shares in the last quarter. Zacks Investment Management acquired a new position in shares of Express in the 4th quarter valued at $86,000. Finally, SG Americas Securities LLC raised its stake in shares of Express by 71.9% in the 3rd quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock valued at $227,000 after buying an additional 8,585 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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