Express (NYSE:EXPR) Trading 30.6% Higher

Express, Inc. (NYSE:EXPR)’s share price shot up 30.6% during trading on Thursday . The company traded as high as $0.84 and last traded at $0.80. 17,569,379 shares changed hands during trading, an increase of 712% from the average session volume of 2,163,873 shares. The stock had previously closed at $0.61.

Several research analysts have issued reports on the company. Zacks Investment Research cut Express from a “hold” rating to a “sell” rating in a research report on Tuesday. MKM Partners lowered their price objective on shares of Express from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Thursday, August 27th. Finally, B. Riley restated a “hold” rating and set a $1.50 target price on shares of Express in a research report on Friday, July 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $1.94.

The stock has a 50-day moving average price of $0.99 and a two-hundred day moving average price of $1.52. The stock has a market capitalization of $51.67 million, a PE ratio of -0.13 and a beta of 1.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.07.

Express (NYSE:EXPR) last released its earnings results on Wednesday, August 26th. The company reported ($1.48) EPS for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.32). Express had a negative return on equity of 54.38% and a negative net margin of 26.21%. As a group, equities analysts predict that Express, Inc. will post -3.87 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Express by 143.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,514,718 shares of the company’s stock worth $3,873,000 after acquiring an additional 1,483,396 shares during the period. JPMorgan Chase & Co. lifted its holdings in Express by 3.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,218,267 shares of the company’s stock worth $1,815,000 after purchasing an additional 40,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Express by 0.8% during the 1st quarter. Geode Capital Management LLC now owns 925,438 shares of the company’s stock valued at $1,378,000 after buying an additional 6,905 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Express by 294.1% during the 1st quarter. Squarepoint Ops LLC now owns 640,881 shares of the company’s stock valued at $955,000 after buying an additional 478,277 shares in the last quarter. Finally, Bridgeway Capital Management Inc. raised its position in shares of Express by 83.3% during the second quarter. Bridgeway Capital Management Inc. now owns 624,900 shares of the company’s stock valued at $962,000 after buying an additional 283,900 shares during 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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