Express (EXPR) Downgraded by Zacks Investment Research to Hold

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Zacks Investment Research downgraded shares of Express (NYSE:EXPR) from a buy rating to a hold rating in a report released on Tuesday morning.

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. “

A number of other equities research analysts have also weighed in on the stock. B. Riley raised their price objective on shares of Express from $8.00 to $9.00 and gave the company a neutral rating in a report on Thursday, August 30th. ValuEngine lowered shares of Express from a hold rating to a sell rating in a research note on Wednesday, November 28th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $8.20.

Shares of EXPR opened at $5.84 on Tuesday. Express has a twelve month low of $5.66 and a twelve month high of $11.69. The firm has a market capitalization of $454.23 million, a PE ratio of 16.22 and a beta of 1.01.

Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, November 29th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. Express had a net margin of 1.84% and a return on equity of 5.94%. The business had revenue of $515.00 million for the quarter, compared to analyst estimates of $505.46 million. During the same period last year, the business earned $0.08 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that Express will post 0.35 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Spark Investment Management LLC increased its stake in Express by 150.1% in the second quarter. Spark Investment Management LLC now owns 1,102,000 shares of the company’s stock valued at $10,083,000 after purchasing an additional 661,400 shares during the period. Kessler Investment Group LLC acquired a new position in Express in the third quarter valued at $179,000. MetLife Investment Advisors LLC increased its stake in Express by 50.2% in the second quarter. MetLife Investment Advisors LLC now owns 34,677 shares of the company’s stock valued at $317,000 after purchasing an additional 11,583 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Express by 9.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,541,060 shares of the company’s stock valued at $14,101,000 after purchasing an additional 130,689 shares during the period. Finally, Sun Life Financial INC acquired a new position in Express in the second quarter valued at $118,000.

About Express

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.

See Also: Why investors pay attention to retained earnings

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