Express (NYSE:EXPR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Express (NYSE:EXPR) from a sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “Express, Inc. is a specialty retailer of women’s and men’s apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio. “

Several other brokerages also recently issued reports on EXPR. ValuEngine raised Express from a hold rating to a buy rating in a research report on Wednesday, September 4th. Wedbush cut their price objective on Express from $4.00 to $2.00 and set a neutral rating for the company in a research report on Tuesday, August 27th. B. Riley set a $4.00 price objective on Express and gave the stock a hold rating in a research report on Tuesday, August 20th. Finally, MKM Partners set a $3.00 target price on Express and gave the company a hold rating in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $3.55.

Shares of Express stock opened at $5.49 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 1.78. The firm has a fifty day simple moving average of $3.66 and a 200-day simple moving average of $2.90. The stock has a market capitalization of $369.30 million, a price-to-earnings ratio of 17.16 and a beta of 1.06. Express has a 1-year low of $1.83 and a 1-year high of $6.21.

Express (NYSE:EXPR) last announced its earnings results on Thursday, December 5th. The company reported ($0.03) EPS for the quarter, topping the 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 0.62% and a positive return on equity of 0.34%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. As a group, research analysts predict that Express will post -0.28 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. grace capital acquired a new position in Express during the 3rd quarter valued at $35,000. Virtu Financial LLC bought a new stake in Express in the 3rd quarter valued at $54,000. Magnus Financial Group LLC grew its position in Express by 30.5% in the 2nd quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock worth $58,000 after purchasing an additional 4,932 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Express in the 2nd quarter worth $62,000. Finally, Jane Street Group LLC increased its holdings 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 worth $105,000 after purchasing an additional 11,357 shares during the period. 99.19% of the stock is currently owned by institutional investors and hedge funds.

Express Company Profile

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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