Express, Inc. (EXPR) Rating Increased to Hold at Zacks Investment Research

Express, Inc. (NYSE:EXPR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio. “

Several other equities research analysts have also weighed in on the company. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. BMO Capital Markets set a $7.00 target price on Express and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Morgan Stanley increased their target price on Express from $7.50 to $10.50 and gave the stock an “equal weight” rating in a research report on Wednesday, June 14th. TheStreet lowered Express from a “c” rating to a “d+” rating in a research report on Thursday, June 1st. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $7.00 target price (down from $10.00) on shares of Express in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $10.63.

Express (NYSE EXPR) opened at 5.84 on Tuesday. The company has a 50-day moving average of $6.25 and a 200-day moving average of $8.18. Express has a 52 week low of $5.51 and a 52 week high of $16.38. The stock has a market cap of $458.12 million, a P/E ratio of 11.45 and a beta of 1.44.

Express (NYSE:EXPR) last issued its earnings results on Thursday, June 1st. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $468 million. During the same period in the prior year, the business earned $0.25 earnings per share. Express’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts predict that Express will post $0.42 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of EXPR. Public Employees Retirement System of Ohio raised its position in shares of Express by 29.5% in the second quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after buying an additional 4,722 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Express during the second quarter worth approximately $114,000. Nomura Holdings Inc. acquired a new position in shares of Express during the second quarter worth approximately $33,597,000. The Manufacturers Life Insurance Company raised its position in shares of Express by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 61,848 shares of the company’s stock worth $418,000 after buying an additional 3,663 shares during the period. Finally, State Street Corp raised its position in shares of Express by 9.8% in the second quarter. State Street Corp now owns 2,612,290 shares of the company’s stock worth $17,633,000 after buying an additional 233,124 shares during the period. 91.81% of the stock is currently owned by institutional investors.

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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