Express, Inc. (NYSE:EXPR) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $5.59 and last traded at $5.60, with a volume of 1,192,865 shares. The stock had previously closed at $5.94.

Several research firms have commented on EXPR. UBS AG reissued a “sell” rating and set a $6.00 price target (down from $8.00) on shares of Express in a research note on Friday, June 2nd. BidaskClub raised shares of Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. BMO Capital Markets set a $7.00 price target on shares of Express and gave the stock a “hold” rating in a research note on Tuesday, August 8th. MKM Partners reissued a “neutral” rating and set a $7.00 price target (down from $10.00) on shares of Express in a research note on Friday, June 2nd. Finally, Morgan Stanley lifted their price target on shares of Express from $7.50 to $10.50 and gave the stock an “equal weight” rating in a research note on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.63.

The stock has a market cap of $436.55 million, a P/E ratio of 10.912 and a beta of 1.44. The company has a 50-day moving average of $6.30 and a 200 day moving average of $8.23.

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, analysts anticipate that Express, Inc. will post $0.42 EPS for the current year.

Hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its stake in shares of Express by 121.3% in the first quarter. UBS Asset Management Americas Inc. now owns 48,670 shares of the company’s stock worth $443,000 after buying an additional 26,677 shares in the last quarter. Comerica Bank increased its stake in shares of Express by 3.8% in the first quarter. Comerica Bank now owns 86,484 shares of the company’s stock worth $763,000 after buying an additional 3,157 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Express by 2.8% in the first quarter. BNP Paribas Arbitrage SA now owns 52,308 shares of the company’s stock worth $477,000 after buying an additional 1,433 shares in the last quarter. Princeton Alpha Management LP bought a new stake in shares of Express during the first quarter worth about $231,000. Finally, Boston Partners increased its stake in shares of Express by 107.6% in the first quarter. Boston Partners now owns 579,655 shares of the company’s stock worth $5,281,000 after buying an additional 300,491 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

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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.

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