Express (NYSE:EXPR) Shares Down 6.4%

Express, Inc. (NYSE:EXPR)’s share price dropped 6.4% on Friday . The stock traded as low as $3.07 and last traded at $3.09, approximately 2,043,955 shares traded hands during trading. An increase of 12% from the average daily volume of 1,828,348 shares. The stock had previously closed at $3.30.

EXPR has been the topic of several research analyst reports. ValuEngine raised shares of Express from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. B. Riley set a $4.00 price objective on shares of Express and gave the stock a “hold” rating in a research note on Tuesday, August 20th. Wedbush decreased their price objective on shares of Express from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 27th. Zacks Investment Research cut shares of Express from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, MKM Partners set a $3.00 price objective on shares of Express and gave the stock a “hold” rating in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $3.40.

The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.43. The company’s 50 day simple moving average is $2.18 and its two-hundred day simple moving average is $3.22. The stock has a market capitalization of $206.50 million, a P/E ratio of 9.66 and a beta of 0.91.



Express (NYSE:EXPR) last released its quarterly earnings results on Wednesday, August 28th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. Express had a negative net margin of 0.62% and a positive return on equity of 0.34%. The business had revenue of $472.70 million for the quarter, compared to analysts’ expectations of $458.67 million. During the same period in the prior year, the firm earned $0.03 earnings per share. Express’s revenue was down 4.2% compared to the same quarter last year. On average, research analysts anticipate that Express, Inc. will post -0.24 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPR. Magnus Financial Group LLC grew its stake in shares of Express by 30.5% during the second quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock valued at $58,000 after purchasing an additional 4,932 shares during the last quarter. Creative Planning grew its stake in shares of Express by 36.6% during the first quarter. Creative Planning now owns 14,000 shares of the company’s stock valued at $60,000 after purchasing an additional 3,750 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Express during the second quarter valued at approximately $62,000. SG Americas Securities LLC bought a new stake in shares of Express during the first quarter valued at approximately $76,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Express during the first quarter valued at approximately $94,000.

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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