Several other equities research analysts also recently commented on EXPR. UBS AG reiterated a sell rating and issued a $8.00 price objective (down from $10.00) on shares of Express in a report on Tuesday, April 18th. MKM Partners reiterated a neutral rating on shares of Express in a report on Tuesday, April 18th. Deutsche Bank AG lifted their price objective on Express from $8.00 to $10.00 and gave the stock a hold rating in a report on Wednesday, May 31st. Wolfe Research lifted their price objective on Express from $6.00 to $10.00 and gave the stock a peer perform rating in a report on Friday, June 2nd. Finally, TheStreet downgraded Express from a c rating to a d+ rating in a report on Thursday, June 1st. Two investment 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. The company has an average rating of Hold and a consensus target price of $9.77.
Shares of Express (EXPR) traded down 0.52% during trading on Tuesday, hitting $5.70. 1,885,270 shares of the company were exchanged. The stock has a market capitalization of $447.14 million, a PE ratio of 11.18 and a beta of 1.44. Express has a 1-year low of $5.51 and a 1-year high of $16.38. The company has a 50 day moving average of $6.19 and a 200-day moving average of $8.13.
Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing the 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 business had revenue of $467.03 million during the quarter, compared to the consensus estimate of $468 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. Express’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts forecast that Express will post $0.42 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in Express by 77.6% in the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after buying an additional 6,711 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Express during the second quarter worth $114,000. Fox Run Management L.L.C. bought a new position in Express during the second quarter worth $119,000. Municipal Employees Retirement System of Michigan boosted its position in Express by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after buying an additional 620 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in Express during the first quarter worth $131,000. 91.81% of the stock is currently owned by hedge funds and other 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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