Express (NYSE:EXPR) Shares Down 5.9%

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Express, Inc. (NYSE:EXPR) fell 5.9% during mid-day trading on Thursday . The stock traded as low as $2.81 and last traded at $2.70, 78,209 shares traded hands during trading. A decline of 95% from the average session volume of 1,607,160 shares. The stock had previously closed at $2.87.

Several brokerages have recently issued reports on EXPR. Zacks Investment Research downgraded Express from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. MKM Partners set a $3.00 price objective on Express and gave the stock a “hold” rating in a research report on Thursday, August 29th. B. Riley set a $4.00 price objective on Express and gave the stock a “hold” rating in a research report on Tuesday, August 20th. Wedbush reduced their price objective on Express from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Tuesday, August 27th. Finally, ValuEngine upgraded Express from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Express presently has an average rating of “Hold” and a consensus price target of $3.40.

The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average price of $2.26 and a 200-day moving average price of $3.17. The firm has a market capitalization of $215.93 million, a price-to-earnings ratio of 8.25 and a beta of 0.91.

Express (NYSE:EXPR) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. The business had revenue of $472.70 million during the quarter, compared to the consensus estimate of $458.67 million. Express had a positive return on equity of 0.34% and a negative net margin of 0.62%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, analysts forecast that Express, Inc. will post -0.24 earnings per share for the current year.

A number of large investors have recently made changes to their positions in EXPR. Magnus Financial Group LLC raised its holdings in Express by 30.5% during the second quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock worth $58,000 after purchasing an additional 4,932 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Express during the second quarter worth approximately $62,000. SG Americas Securities LLC bought a new stake in Express during the first quarter worth approximately $76,000. Everence Capital Management Inc. bought a new stake in Express during the first quarter worth approximately $94,000. Finally, Jane Street Group LLC raised its holdings in Express by 42.2% during the second quarter. Jane Street Group LLC now owns 38,283 shares of the company’s stock worth $105,000 after purchasing an additional 11,357 shares in the last quarter.

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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