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

Express, Inc. (NYSE:EXPR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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. “

Several other analysts have also weighed in on the company. Morgan Stanley increased their price target on Express from $7.50 to $10.50 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. TheStreet lowered Express from a “c” rating to a “d+” rating in a report on Thursday, June 1st. MKM Partners restated a “neutral” rating and set a $7.00 price target (down previously from $10.00) on shares of Express in a report on Friday, June 2nd. Wolfe Research increased their price target on Express from $6.00 to $10.00 and gave the company a “peer perform” rating in a report on Friday, June 2nd. Finally, BMO Capital Markets restated a “hold” rating and set a $7.00 price target on shares of Express in a report on Friday, June 2nd. One equities research 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 price target of $11.05.

Analyst Recommendations for Express (NYSE:EXPR)

Express (NYSE:EXPR) opened at 6.75 on Friday. The stock has a market capitalization of $529.50 million, a P/E ratio of 13.24 and a beta of 1.41. The firm’s 50 day moving average is $7.71 and its 200 day moving average is $9.56. Express has a 1-year low of $5.96 and a 1-year high of $16.38.

Express (NYSE:EXPR) last posted 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. The firm had revenue of $467.03 million for the quarter, compared to the consensus estimate of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. On average, equities research analysts anticipate that Express will post $0.43 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in EXPR. Boothbay Fund Management LLC raised its position in shares of Express by 1.3% in the fourth quarter. Boothbay Fund Management LLC now owns 10,934 shares of the company’s stock valued at $118,000 after buying an additional 136 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Express during the first quarter valued at approximately $131,000. Karp Capital Management Corp purchased a new position in shares of Express during the first quarter valued at approximately $132,000. Public Employees Retirement System of Ohio raised its position in shares of Express by 21.1% in the first quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock valued at $146,000 after buying an additional 2,795 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock valued at $167,000 after buying an additional 1,202 shares in the last quarter. Hedge funds and other institutional investors 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”});

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