Express (NYSE:EXPR) Shares Down 9.8%

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Express, Inc. (NYSE:EXPR) traded down 9.8% on Wednesday . The stock traded as low as $5.45 and last traded at $5.55, 2,695,529 shares traded hands during trading. An increase of 49% from the average session volume of 1,812,121 shares. The stock had previously closed at $6.15.

EXPR has been the subject of several recent research reports. MKM Partners set a $3.00 price target on Express and gave the company a “hold” rating in a report on Thursday, August 29th. Zacks Investment Research upgraded Express from a “hold” rating to a “strong-buy” rating and set a $7.00 price target for the company in a research report on Tuesday. Wedbush decreased their price objective on Express from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 27th. B. Riley reaffirmed a “hold” rating and set a $4.00 price objective on shares of Express in a research report on Friday, December 6th. Finally, ValuEngine raised Express from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $4.20.

The firm has a market capitalization of $369.30 million, a P/E ratio of 17.34 and a beta of 1.06. The stock’s 50-day simple moving average is $3.90 and its two-hundred day simple moving average is $2.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.39.

Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. The firm had revenue of $488.50 million for the quarter, compared to the consensus estimate of $483.25 million. Express had a negative net margin of 1.17% and a negative return on equity of 1.38%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. On average, analysts forecast that Express, Inc. will post -0.26 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in EXPR. grace capital purchased a new position in shares of Express in the third quarter worth $35,000. Virtu Financial LLC bought a new stake in Express in the 3rd quarter worth approximately $54,000. Magnus Financial Group LLC raised its holdings in shares of Express by 30.5% during the 2nd quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock worth $58,000 after acquiring an additional 4,932 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Express during the 2nd quarter worth approximately $62,000. Finally, Jane Street Group LLC boosted its position 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 valued at $105,000 after acquiring an additional 11,357 shares during the last quarter. Institutional investors and hedge funds own 99.21% of the company’s stock.

About Express (NYSE:EXPR)

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.

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