Several other research firms also recently weighed in on EXPR. Zacks Investment Research downgraded Express from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. B. Riley dropped their price objective on Express from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Six analysts have rated the stock with a hold rating, Express presently has a consensus rating of “Hold” and a consensus target price of $4.60.
Shares of EXPR traded down $0.20 during mid-day trading on Thursday, hitting $2.27. The company’s stock had a trading volume of 1,640,563 shares, compared to its average volume of 1,911,659. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.97 and a quick ratio of 0.39. The business has a 50-day moving average of $2.59. The stock has a market capitalization of $158.07 million, a price-to-earnings ratio of 7.09 and a beta of 0.95. Express has a 1-year low of $2.26 and a 1-year high of $11.69.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Express during the fourth quarter worth $9,096,000. Spark Investment Management LLC increased its position in Express by 8.3% during the first quarter. Spark Investment Management LLC now owns 1,740,800 shares of the company’s stock worth $7,450,000 after buying an additional 133,600 shares in the last quarter. Quinn Opportunity Partners LLC increased its position in Express by 551.5% during the first quarter. Quinn Opportunity Partners LLC now owns 1,259,795 shares of the company’s stock worth $5,392,000 after buying an additional 1,066,420 shares in the last quarter. Bank of America Corp DE increased its position in Express by 2,029.4% during the fourth quarter. Bank of America Corp DE now owns 1,167,252 shares of the company’s stock worth $5,965,000 after buying an additional 1,112,436 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Express by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 1,089,285 shares of the company’s stock worth $5,565,000 after buying an additional 33,758 shares in the last quarter.
Express Company Profile
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.
Recommended Story: Gap Up Stocks
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.