Express, Inc. (EXPR) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Express, Inc. (NYSE:EXPR) from a hold rating to a sell rating in a research note published on Friday.

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. “

Other analysts have also issued reports about the company. TheStreet lowered Express from a c rating to a d+ rating in a research report on Thursday, June 1st. Morgan Stanley boosted their target price on Express from $7.50 to $10.50 and gave the company an equal weight rating in a research report on Wednesday, June 14th. BMO Capital Markets reaffirmed a hold rating and issued a $7.00 target price on shares of Express in a research report on Friday, June 2nd. Deutsche Bank AG boosted their target price on Express from $8.00 to $10.00 and gave the company a hold rating in a research report on Wednesday, May 31st. Finally, FBR & Co reaffirmed a hold rating and issued a $9.00 target price on shares of Express in a research report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $11.05.

Analyst Recommendations for Express (NYSE:EXPR)

Express (NYSE:EXPR) opened at 6.393 on Friday. The stock’s 50 day moving average price is $7.65 and its 200 day moving average price is $9.53. Express has a 52-week low of $5.96 and a 52-week high of $16.38. The firm has a market capitalization of $501.50 million, a PE ratio of 12.535 and a beta of 1.41.

Express (NYSE:EXPR) last issued its earnings results on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. Express had a net margin of 1.85% and a return on equity of 5.83%. The firm had revenue of $467.03 million during the quarter, compared to the consensus estimate of $468 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts predict that Express will post $0.43 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Express, Inc. (EXPR) Stock Rating Lowered by Zacks Investment Research” was published by Mideast Time and is owned by of Mideast Time. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.mideasttime.com/express-inc-expr-stock-rating-lowered-by-zacks-investment-research/1801841.html.

A number of institutional investors have recently added to or reduced their stakes in EXPR. Boothbay Fund Management LLC increased its position in Express by 1.3% in the fourth quarter. Boothbay Fund Management LLC now owns 10,934 shares of the company’s stock worth $118,000 after buying an additional 136 shares during the period. Louisiana State Employees Retirement System increased its position in Express by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the company’s stock worth $291,000 after buying an additional 400 shares during the period. Arizona State Retirement System increased its position in Express by 1.2% in the first quarter. Arizona State Retirement System now owns 40,900 shares of the company’s stock worth $373,000 after buying an additional 500 shares during the period. Mason Street Advisors LLC increased its position in Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock worth $167,000 after buying an additional 1,202 shares during the period. Finally, Premier Fund Managers Ltd increased its position in Express by 0.9% in the first quarter. Premier Fund Managers Ltd now owns 155,778 shares of the company’s stock worth $1,450,000 after buying an additional 1,428 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Express Company Profile

Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EXPR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Get a free copy of the Zacks research report on Express (EXPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.