Express, Inc. (EXPR) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of Express, Inc. (NYSE:EXPR) from a strong sell rating to a sell rating in a research note published on Wednesday morning.

EXPR has been the subject of a number of other research reports. BMO Capital Markets set a $7.00 price objective on Express and gave the company a hold rating in a research note on Tuesday. Zacks Investment Research lowered Express from a hold rating to a sell rating in a research note on Friday, June 16th. Morgan Stanley raised their price objective on Express from $7.50 to $10.50 and gave the company an equal weight rating in a research note on Wednesday, June 14th. TheStreet lowered Express from a c rating to a d+ rating in a research note on Thursday, June 1st. Finally, MKM Partners restated a neutral rating and set a $7.00 price objective (down previously from $10.00) on shares of Express in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $10.63.

Shares of Express (NYSE EXPR) traded up 1.95% during midday trading on Wednesday, hitting $6.28. 1,882,694 shares of the stock were exchanged. The firm has a 50 day moving average of $6.31 and a 200-day moving average of $8.30. The company has a market cap of $492.63 million, a price-to-earnings ratio of 12.31 and a beta of 1.44. Express has a one year low of $5.84 and a one year high of $16.38.

Express (NYSE:EXPR) last announced its earnings results on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.05. The company had revenue of $467.03 million for the quarter, compared to analysts’ expectations of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. Equities analysts expect that Express will post $0.42 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock valued at $91,425,000 after buying an additional 10,016,363 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Express by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock valued at $65,997,000 after buying an additional 440,448 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Express by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock valued at $60,149,000 after buying an additional 501,305 shares during the last quarter. State Street Corp raised its position in shares of Express by 6.2% in the first quarter. State Street Corp now owns 2,379,166 shares of the company’s stock valued at $21,673,000 after buying an additional 138,418 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Express by 6.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,373,777 shares of the company’s stock valued at $21,625,000 after buying an additional 145,749 shares during the last quarter. Institutional investors own 96.46% of the company’s stock.

About Express

Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.

Analyst Recommendations for Express (NYSE:EXPR)

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