Express, Inc. (NYSE:EXPR)’s stock price fell 5.6% during mid-day trading on Friday . The stock traded as low as $4.55 and last traded at $4.58, 2,242,900 shares changed hands during mid-day trading. An increase of 38% from the average session volume of 1,626,637 shares. The stock had previously closed at $4.85.
Several analysts have issued reports on the stock. B. Riley restated a “hold” rating and set a $4.00 price target on shares of Express in a research report on Friday, December 6th. Zacks Investment Research upgraded shares of Express from a “hold” rating to a “strong-buy” rating and set a $7.00 price target for the company in a research report on Tuesday, December 10th. Finally, ValuEngine upgraded shares of Express from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $4.20.
The firm’s 50-day simple moving average is $4.86 and its 200-day simple moving average is $3.32. The company has a quick ratio of 0.39, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $304.84 million, a PE ratio of 14.31 and a beta of 1.13.
Express (NYSE:EXPR) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.06. Express had a negative net margin of 1.17% and a negative return on equity of 1.38%. The business had revenue of $488.50 million during the quarter, compared to analyst estimates of $483.25 million. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. On average, equities research analysts forecast that Express, Inc. will post -0.12 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. A.R.T. Advisors LLC purchased a new stake in Express during the second quarter valued at about $422,000. State Street Corp boosted its holdings in shares of Express by 1.3% during the third quarter. State Street Corp now owns 2,601,271 shares of the company’s stock worth $8,948,000 after purchasing an additional 33,299 shares during the period. Invesco Ltd. boosted its holdings in shares of Express by 23.1% during the second quarter. Invesco Ltd. now owns 1,478,744 shares of the company’s stock worth $4,037,000 after purchasing an additional 277,134 shares during the period. Rhumbline Advisers boosted its holdings in shares of Express by 5.0% during the third quarter. Rhumbline Advisers now owns 219,873 shares of the company’s stock worth $756,000 after purchasing an additional 10,509 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Express during the third quarter worth about $525,000. Institutional investors and hedge funds own 99.21% of the company’s stock.
About Express (NYSE:EXPR)
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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