Shares of Express, Inc. (NYSE:EXPR) fell 3.1% on Thursday . The company traded as low as $1.86 and last traded at $1.85, 19,660 shares were traded during trading. A decline of 98% from the average session volume of 1,232,118 shares. The stock had previously closed at $1.91.
A number of brokerages recently weighed in on EXPR. B. Riley dropped their price objective on Express from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Zacks Investment Research lowered Express from a “buy” rating to a “hold” rating in a report on Monday. Finally, ValuEngine raised Express from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating, Express currently has a consensus rating of “Hold” and an average target price of $4.60.
The stock has a fifty day moving average of $2.41 and a two-hundred day moving average of $3.62. The stock has a market cap of $132.17 million, a price-to-earnings ratio of 5.81 and a beta of 0.93. The company has a quick ratio of 0.39, a current ratio of 0.97 and a debt-to-equity ratio of 1.84.
Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.16. Express had a positive return on equity of 2.20% and a negative net margin of 0.04%. The firm had revenue of $451.30 million for the quarter, compared to analyst estimates of $429.41 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. Express’s quarterly revenue was down 5.9% on a year-over-year basis. On average, research analysts expect that Express, Inc. will post -0.11 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Lombard Odier Asset Management USA Corp acquired a new stake in Express in the first quarter valued at $1,662,000. Municipal Employees Retirement System of Michigan acquired a new stake in Express in the fourth quarter valued at $178,000. Norges Bank acquired a new stake in Express in the fourth quarter valued at $9,096,000. Alambic Investment Management L.P. grew its holdings in Express by 192.0% in the first quarter. Alambic Investment Management L.P. now owns 45,500 shares of the company’s stock valued at $195,000 after purchasing an additional 29,920 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Express in the first quarter valued at $2,664,000.
About Express (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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