B. Riley Reaffirms “Hold” Rating for Express (NYSE:EXPR)

B. Riley reaffirmed their hold rating on shares of Express (NYSE:EXPR) in a report released on Friday morning, Stock Target Advisor reports. B. Riley currently has a $4.00 target price on the stock. B. Riley also issued estimates for Express’ Q3 2021 earnings at $0.00 EPS.

Several other research analysts also recently weighed in on the stock. MKM Partners set a $3.00 target price on shares of Express and gave the stock a hold rating in a report on Thursday, August 29th. Zacks Investment Research raised Express from a sell rating to a hold rating in a report on Wednesday, December 4th. Wedbush lowered their price objective on Express from $4.00 to $2.00 and set a neutral rating on the stock in a research report on Tuesday, August 27th. Finally, ValuEngine raised Express from a buy rating to a strong-buy rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $3.55.

EXPR stock opened at $5.49 on Friday. The business’s 50-day moving average price is $3.66 and its 200-day moving average price is $2.90. The stock has a market cap of $369.30 million, a P/E ratio of 17.16 and a beta of 1.06. The company has a quick ratio of 0.39, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. Express has a twelve month low of $1.83 and a twelve month high of $6.21.

Express (NYSE:EXPR) last released its earnings results on Thursday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. Express had a negative net margin of 1.17% and a negative return on equity of 1.38%. The company had revenue of $488.50 million during the quarter, compared to analyst estimates of $483.25 million. During the same period in the prior year, the firm posted $0.11 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts expect that Express will post -0.26 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of Express by 1.7% during the second quarter. BlackRock Inc. now owns 10,336,429 shares of the company’s stock worth $28,219,000 after acquiring an additional 167,871 shares during the period. Quinn Opportunity Partners LLC lifted its holdings in shares of Express by 142.2% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 3,050,890 shares of the company’s stock worth $8,329,000 after buying an additional 1,791,095 shares during the period. State Street Corp grew its position in shares of Express by 1.3% during the 3rd quarter. State Street Corp now owns 2,601,271 shares of the company’s stock worth $8,948,000 after buying an additional 33,299 shares in the last quarter. Divisar Capital Management LLC grew its position in shares of Express by 255.1% during the 2nd quarter. Divisar Capital Management LLC now owns 2,530,070 shares of the company’s stock worth $6,907,000 after buying an additional 1,817,600 shares in the last quarter. Finally, Morgan Stanley increased its stake 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 buying an additional 1,587,294 shares during the period. 99.21% of the stock is 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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