Express, Inc. (EXPR) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of Express, Inc. (NYSE:EXPR) from a strong sell rating to a sell rating in a research report report published on Wednesday.

Several other analysts have also recently issued reports on EXPR. BMO Capital Markets restated a hold rating and issued a $7.00 target price on shares of Express in a report on Wednesday, September 13th. Zacks Investment Research cut Express from a hold rating to a sell rating in a report on Wednesday, August 23rd. SunTrust Banks, Inc. restated a hold rating and issued a $6.00 target price on shares of Express in a report on Monday, October 2nd. Finally, FBR & Co restated a hold rating and issued a $7.00 target price on shares of Express in a report on Friday, September 29th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Express currently has a consensus rating of Hold and an average price target of $8.25.

Express (NYSE:EXPR) traded up 4.75% on Wednesday, hitting $6.62. 3,530,218 shares of the company were exchanged. Express has a 52-week low of $5.28 and a 52-week high of $14.39. The stock’s 50-day moving average price is $6.53 and its 200-day moving average price is $6.97. The stock has a market capitalization of $521.56 million, a P/E ratio of 28.78 and a beta of 1.47.

Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Express had a return on equity of 4.25% and a net margin of 0.85%. The firm had revenue of $478.50 million during the quarter, compared to the consensus estimate of $474.11 million. During the same period in the prior year, the company earned $0.13 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Express will post $0.43 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by BBNS and is owned by of BBNS. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/express-inc-expr-upgraded-to-sell-by-bidaskclub/1724147.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund grew its holdings in shares of Express by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 57,245 shares of the company’s stock worth $386,000 after purchasing an additional 474 shares during the period. Arizona State Retirement System grew its holdings in shares of Express by 1.2% during the 1st quarter. Arizona State Retirement System now owns 40,900 shares of the company’s stock worth $373,000 after purchasing an additional 500 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in shares of Express by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after purchasing an additional 620 shares during the period. Mason Street Advisors LLC grew its holdings in shares of Express by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock worth $167,000 after purchasing an additional 1,202 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Express by 21.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock worth $146,000 after purchasing an additional 2,795 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

About Express

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.

Analyst Recommendations for Express (NYSE:EXPR)

Receive News & Ratings for Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.