Express (EXPR) Trading Down 0.2%

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Express, Inc. (NYSE:EXPR) shares fell 0.2% on Monday . The company traded as low as $9.13 and last traded at $9.01. 90,735 shares were traded during trading, a decline of 96% from the average session volume of 2,355,026 shares. The stock had previously closed at $9.03.

A number of research firms have recently weighed in on EXPR. Wedbush began coverage on shares of Express in a report on Thursday, May 10th. They set a “neutral” rating and a $9.00 price target on the stock. ValuEngine upgraded shares of Express from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Zacks Investment Research upgraded shares of Express from a “strong sell” rating to a “hold” rating in a report on Monday, May 21st. Eight research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $8.83.

The company has a market cap of $681.90 million, a PE ratio of 25.17 and a beta of 0.88.

Express (NYSE:EXPR) last posted its earnings results on Thursday, May 31st. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $479.40 million for the quarter, compared to analyst estimates of $460.78 million. Express had a net margin of 1.14% and a return on equity of 5.39%. Express’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted ($0.07) EPS. research analysts expect that Express, Inc. will post 0.42 earnings per share for the current fiscal year.

In other Express news, EVP James A. Hilt sold 11,000 shares of the firm’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $9.41, for a total value of $103,510.00. Following the sale, the executive vice president now directly owns 102,557 shares in the company, valued at approximately $965,061.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Express by 1.7% during the 1st quarter. Royal Bank of Canada now owns 363,748 shares of the company’s stock valued at $2,604,000 after purchasing an additional 6,082 shares during the last quarter. Swiss National Bank raised its stake in shares of Express by 5.0% in the first quarter. Swiss National Bank now owns 137,300 shares of the company’s stock worth $983,000 after acquiring an additional 6,600 shares during the last quarter. KBC Group NV raised its stake in shares of Express by 105.1% in the first quarter. KBC Group NV now owns 16,562 shares of the company’s stock worth $119,000 after acquiring an additional 8,487 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Express in the fourth quarter worth about $108,000. Finally, Principal Financial Group Inc. raised its stake in shares of Express by 2.4% in the first quarter. Principal Financial Group Inc. now owns 614,787 shares of the company’s stock worth $4,402,000 after acquiring an additional 14,244 shares during the last quarter.

Express Company Profile

Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.

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