Express (EXPR) Trading 10.5% Higher

Express, Inc. (NYSE:EXPR)’s share price traded up 10.5% during mid-day trading on Friday . The company traded as high as $3.64 and last traded at $3.58. 176,444 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 1,835,312 shares. The stock had previously closed at $3.24.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Express from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet lowered Express from a “c” rating to a “d+” rating in a research report on Thursday, March 14th. ValuEngine lowered Express from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Wedbush decreased their target price on Express from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Finally, Deutsche Bank decreased their target price on Express from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Express has a consensus rating of “Hold” and a consensus target price of $5.96.

The stock has a market cap of $229.45 million, a PE ratio of 11.19 and a beta of 1.00.



Express (NYSE:EXPR) last announced its earnings results on Wednesday, March 13th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Express had a return on equity of 3.84% and a net margin of 0.46%. The firm had revenue of $628.40 million during the quarter, compared to analyst estimates of $629.63 million. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was down 10.2% compared to the same quarter last year. Research analysts predict that Express, Inc. will post -0.24 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan purchased a new stake in Express in the 4th quarter worth about $178,000. JPMorgan Chase & Co. boosted its stake in Express by 204.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,245,987 shares of the company’s stock worth $13,781,000 after purchasing an additional 836,893 shares during the period. Man Group plc bought a new position in Express in the 3rd quarter worth about $262,000. Massachusetts Financial Services Co. MA boosted its stake in Express by 8.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 96,198 shares of the company’s stock worth $491,000 after purchasing an additional 7,488 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Express by 4.3% in the 3rd quarter. Teachers Advisors LLC now owns 148,730 shares of the company’s stock worth $1,645,000 after purchasing an additional 6,126 shares during the period.

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Express Company Profile (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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