Express (NYSE:EXPR) Shares Up 5.1%

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Express, Inc. (NYSE:EXPR)’s share price traded up 5.1% on Tuesday . The stock traded as high as $2.16 and last traded at $2.07, 1,289,828 shares traded hands during trading. A decline of 31% from the average session volume of 1,870,314 shares. The stock had previously closed at $1.97.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Express from a “buy” rating to a “hold” rating in a research note on Monday. B. Riley reduced their price objective on shares of Express from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Finally, ValuEngine raised shares of Express from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $4.60.

The stock has a 50 day moving average of $2.44. The stock has a market capitalization of $134.53 million, a price-to-earnings ratio of 6.47 and a beta of 0.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.39 and a current ratio of 0.97.

Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.16. Express had a negative net margin of 0.04% and a positive return on equity of 2.20%. The business had revenue of $451.30 million for the quarter, compared to analyst estimates of $429.41 million. During the same quarter last year, the firm earned $0.01 EPS. Express’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities analysts anticipate that Express, Inc. will post -0.11 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Magnus Financial Group LLC lifted its stake in Express by 30.5% in the second quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock valued at $58,000 after buying an additional 4,932 shares in the last quarter. Creative Planning lifted its stake in Express by 36.6% in the first quarter. Creative Planning now owns 14,000 shares of the company’s stock valued at $60,000 after buying an additional 3,750 shares in the last quarter. GSA Capital Partners LLP bought a new position in Express in the second quarter valued at approximately $62,000. SG Americas Securities LLC bought a new position in Express in the first quarter valued at approximately $76,000. Finally, Everence Capital Management Inc. bought a new position in Express in the first quarter valued at approximately $94,000.

Express Company Profile (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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