Express, Inc. (NYSE:EXPR) Short Interest Down 5.8% in August

Express, Inc. (NYSE:EXPR) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 12,416,700 shares, a drop of 5.8% from the July 31st total of 13,185,300 shares. Based on an average daily trading volume, of 1,820,000 shares, the short-interest ratio is currently 6.8 days. Currently, 19.6% of the company’s stock are sold short.

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

Shares of Express stock traded up $0.16 on Monday, reaching $3.25. 54,431 shares of the company’s stock were exchanged, compared to its average volume of 1,498,502. The company has a market capitalization of $221.98 million, a P/E ratio of 10.17 and a beta of 0.91. Express has a 52 week low of $1.83 and a 52 week high of $11.32. The firm’s 50-day moving average is $2.18 and its two-hundred day moving average is $3.22. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.43 and a current ratio of 0.99.



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

Several hedge funds have recently bought and sold shares of EXPR. United Services Automobile Association boosted its position in shares of Express by 40.3% during the 2nd quarter. United Services Automobile Association now owns 49,821 shares of the company’s stock valued at $136,000 after acquiring an additional 14,323 shares during the last quarter. Jane Street Group LLC grew its position in shares of Express by 42.2% in the 2nd quarter. Jane Street Group LLC now owns 38,283 shares of the company’s stock worth $105,000 after buying an additional 11,357 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Express by 50.3% during the second quarter. Cubist Systematic Strategies LLC now owns 111,821 shares of the company’s stock valued at $305,000 after purchasing an additional 37,412 shares in the last quarter. Morgan Stanley boosted its position in shares of Express by 198.8% during the second quarter. Morgan Stanley now owns 2,385,916 shares of the company’s stock valued at $6,513,000 after purchasing an additional 1,587,294 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new stake in Express in the second quarter worth $183,000.

About Express

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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