Express, Inc. (NYSE:EXPR) shares were down 8.3% during mid-day trading on Monday . The company traded as low as $4.05 and last traded at $4.09, approximately 1,511,394 shares traded hands during trading. A decline of 10% from the average daily volume of 1,678,725 shares. The stock had previously closed at $4.46.
A number of equities analysts have issued reports on EXPR shares. B. Riley raised their target price on Express from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Monday, January 27th. Zacks Investment Research cut Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, ValuEngine cut Express from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $4.30.
The company has a quick ratio of 0.39, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $285.04 million, a P/E ratio of -11.36 and a beta of 1.12. The stock has a fifty day simple moving average of $4.51 and a 200-day simple moving average of $3.69.
Express (NYSE:EXPR) last issued its earnings results on Thursday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.06. Express had a negative return on equity of 1.38% and a negative net margin of 1.17%. The firm had revenue of $488.50 million for the quarter, compared to analysts’ expectations of $483.25 million. During the same quarter last year, the business earned $0.11 earnings per share. The company’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Express, Inc. will post -0.12 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Express by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 918,533 shares of the company’s stock worth $4,472,000 after purchasing an additional 50,611 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Express by 564.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 210,530 shares of the company’s stock worth $1,025,000 after purchasing an additional 178,836 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Express by 9.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 331,715 shares of the company’s stock worth $1,615,000 after purchasing an additional 27,591 shares during the period. UBS Group AG raised its position in shares of Express by 125.3% during the fourth quarter. UBS Group AG now owns 84,821 shares of the company’s stock worth $413,000 after purchasing an additional 47,169 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in shares of Express during the fourth quarter worth about $2,003,000. Hedge funds and other institutional investors own 99.22% of the company’s stock.
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.
