Express (EXPR) Lifted to “Hold” at ValuEngine

Express (NYSE:EXPR) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

EXPR has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Express from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. B. Riley set a $7.00 target price on shares of Express and gave the stock a “hold” rating in a research note on Friday, November 30th. Wedbush dropped their target price on shares of Express from $10.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 8th. Finally, MKM Partners set a $6.00 target price on shares of Express and gave the stock a “hold” rating in a research note on Thursday, December 6th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $6.75.

Shares of NYSE:EXPR opened at $4.49 on Friday. The stock has a market cap of $345.38 million, a P/E ratio of 12.47 and a beta of 1.12. Express has a 12 month low of $4.28 and a 12 month high of $11.69.

Express (NYSE:EXPR) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $628.40 million for the quarter, compared to the consensus estimate of $629.63 million. Express had a net margin of 1.84% and a return on equity of 5.94%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities analysts predict that Express will post 0.3 earnings per share for the current fiscal year.

In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $5.36, for a total value of $1,288,678.00. The sale was disclosed in a filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in EXPR. Bank of New York Mellon Corp lifted its position in shares of Express by 10.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,172,692 shares of the company’s stock worth $38,179,000 after purchasing an additional 403,825 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Express in the 3rd quarter worth approximately $285,000. Wells Fargo & Company MN lifted its position in shares of Express by 5.2% in the 3rd quarter. Wells Fargo & Company MN now owns 136,870 shares of the company’s stock worth $1,515,000 after purchasing an additional 6,817 shares during the period. LSV Asset Management lifted its position in shares of Express by 2.9% in the 3rd quarter. LSV Asset Management now owns 1,571,300 shares of the company’s stock worth $17,378,000 after purchasing an additional 44,727 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Express by 71.9% in the 3rd quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock worth $227,000 after purchasing an additional 8,585 shares during the period.

Express Company Profile

Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.

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