Express, Inc. (NYSE:EXPR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

Several other research analysts have also recently weighed in on EXPR. FBR & Co reaffirmed a “hold” rating and set a $7.00 target price on shares of Express in a research note on Friday, September 29th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $6.00 target price on shares of Express in a research note on Monday, October 2nd. BMO Capital Markets set a $7.00 target price on Express and gave the company a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Morgan Stanley raised their target price on Express from $7.50 to $10.50 and gave the company an “equal weight” rating in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Express presently has an average rating of “Hold” and an average target price of $8.25.

Shares of Express (NYSE EXPR) opened at 6.41 on Thursday. The stock has a market capitalization of $505.02 million, a price-to-earnings ratio of 27.87 and a beta of 1.47. The firm’s 50 day moving average is $6.60 and its 200 day moving average is $7.09. Express has a 12 month low of $5.28 and a 12 month high of $14.39.

Express (NYSE:EXPR) last issued its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Express had a return on equity of 4.25% and a net margin of 0.85%. The company had revenue of $478.50 million for the quarter, compared to analyst estimates of $474.11 million. During the same period last year, the company earned $0.13 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities analysts predict that Express will post $0.43 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund boosted its position in shares of Express by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 57,245 shares of the company’s stock valued at $386,000 after purchasing an additional 474 shares during the period. Arizona State Retirement System boosted its position in shares of Express by 1.2% in the 1st quarter. Arizona State Retirement System now owns 40,900 shares of the company’s stock valued at $373,000 after purchasing an additional 500 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Express by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock valued at $125,000 after purchasing an additional 620 shares during the period. Mason Street Advisors LLC boosted its position in shares of Express by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock valued at $167,000 after purchasing an additional 1,202 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Express by 21.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock valued at $146,000 after purchasing an additional 2,795 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.

Analyst Recommendations for Express (NYSE:EXPR)

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