Express, Inc. (NYSE:EXPR) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 12,742,500 shares, a decline of 19.3% from the May 30th total of 15,781,100 shares. Approximately 19.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,020,000 shares, the days-to-cover ratio is presently 6.3 days.
NYSE EXPR traded up $0.08 during trading on Friday, reaching $2.60. 939,200 shares of the company’s stock were exchanged, compared to its average volume of 1,978,485. The firm’s 50 day simple moving average is $2.83. The firm has a market capitalization of $171.52 million, a PE ratio of 8.13 and a beta of 0.95. The company has a quick ratio of 0.39, a current ratio of 0.97 and a debt-to-equity ratio of 1.84. Express has a fifty-two week low of $2.48 and a fifty-two week high of $11.69.
Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.16. Express had a positive return on equity of 2.20% and a negative net margin of 0.04%. The firm had revenue of $451.30 million for the quarter, compared to the consensus estimate of $429.41 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. On average, analysts forecast that Express will post -0.11 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Creative Planning boosted its stake in shares of Express by 36.6% in the first quarter. Creative Planning now owns 14,000 shares of the company’s stock valued at $60,000 after buying an additional 3,750 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Express in the fourth quarter valued at approximately $63,000. Magnus Financial Group LLC bought a new stake in shares of Express in the first quarter valued at approximately $69,000. SG Americas Securities LLC bought a new stake in shares of Express in the first quarter valued at approximately $76,000. Finally, Zacks Investment Management bought a new stake in shares of Express in the fourth quarter valued at approximately $86,000.
EXPR has been the topic of a number of recent analyst reports. Deutsche Bank downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price target on the stock. in a research report on Monday, March 18th. They noted that the move was a valuation call. Wedbush lowered their price target on Express from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. TheStreet raised ExOne from a “d” rating to a “c” rating in a research report on Thursday, March 14th. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Finally, B. Riley set a $18.00 price target on TiVo and gave the stock a “buy” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.33.
Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.
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