Express (NYSE:EXPR) Rating Increased to Strong-Buy at ValuEngine

Express (NYSE:EXPR) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Thursday, ValuEngine reports.

A number of other equities analysts have also recently commented on the company. Wedbush reduced their target price on Express from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Tuesday, August 27th. Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley set a $4.00 price target on Express and gave the stock a “hold” rating in a research report on Tuesday, August 20th. Finally, MKM Partners set a $3.00 price objective on Express and gave the company a “hold” rating in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Express presently has an average rating of “Hold” and an average target price of $3.55.

Shares of NYSE EXPR opened at $5.49 on Thursday. The company’s 50-day simple moving average is $3.66 and its 200-day simple moving average is $2.90. Express has a 52-week low of $1.83 and a 52-week high of $6.21. The firm has a market cap of $264.36 million, a price-to-earnings ratio of 17.16 and a beta of 1.06. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 1.78.

Express (NYSE:EXPR) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.06. The firm had revenue of $488.50 million during the quarter, compared to the consensus estimate of $483.25 million. Express had a negative net margin of 0.62% and a positive return on equity of 0.34%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. Equities research analysts anticipate that Express will post -0.28 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. grace capital acquired a new position in Express during the third quarter worth about $35,000. Virtu Financial LLC acquired a new stake in Express in the 3rd quarter valued at about $54,000. Magnus Financial Group LLC lifted its stake in Express by 30.5% in the 2nd quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock worth $58,000 after purchasing an additional 4,932 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Express during the 2nd quarter worth approximately $62,000. Finally, Jane Street Group LLC boosted its holdings in shares of Express by 42.2% during the 2nd quarter. Jane Street Group LLC now owns 38,283 shares of the company’s stock worth $105,000 after purchasing an additional 11,357 shares during the last quarter. 99.19% of the stock is currently owned by hedge funds and other institutional investors.

About Express

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.

Further Reading: Reverse Stock Split

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