Express, Inc. (NYSE:EXPR) reached a new 52-week low during trading on Monday . The stock traded as low as $5.90 and last traded at $5.89, with a volume of 1,127,515 shares traded. The stock had previously closed at $6.15.
A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet cut shares of Express from a “c” rating to a “d+” rating in a research note on Thursday, June 1st. Deutsche Bank AG upped their price target on shares of Express from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, May 31st. BMO Capital Markets set a $7.00 price target on shares of Express and gave the company a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut shares of Express from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Express presently has an average rating of “Hold” and an average target price of $9.77.
The company’s 50-day moving average is $6.19 and its 200-day moving average is $8.13. The firm has a market cap of $447.14 million, a P/E ratio of 11.18 and a beta of 1.44.
Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. Express had a return on equity of 5.83% and a net margin of 1.85%. The company had revenue of $467.03 million for the quarter, compared to analyst estimates of $468 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts forecast that Express, Inc. will post $0.42 earnings per share for the current year.
A number of large investors have recently modified their holdings of EXPR. Karp Capital Management Corp purchased a new stake in shares of Express during the first quarter worth $132,000. UBS Asset Management Americas Inc. boosted its stake in shares of Express by 121.3% in the first quarter. UBS Asset Management Americas Inc. now owns 48,670 shares of the company’s stock worth $443,000 after buying an additional 26,677 shares in the last quarter. Comerica Bank boosted its stake in shares of Express by 3.8% in the first quarter. Comerica Bank now owns 86,484 shares of the company’s stock worth $763,000 after buying an additional 3,157 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Express by 2.8% in the first quarter. BNP Paribas Arbitrage SA now owns 52,308 shares of the company’s stock worth $477,000 after buying an additional 1,433 shares in the last quarter. Finally, Princeton Alpha Management LP purchased a new stake in shares of Express during the first quarter worth $231,000. Institutional investors own 91.81% of the company’s stock.
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Express Company Profile
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.
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