Express (NYSE:EXPR) Stock Price Up 10.1%

Express, Inc. (NYSE:EXPR)’s stock price rose 10.1% on Wednesday . The company traded as high as $3.95 and last traded at $3.91, approximately 1,720,900 shares changed hands during trading. A decline of 2% from the average daily volume of 1,754,647 shares. The stock had previously closed at $3.55.

Several brokerages have issued reports on EXPR. B. Riley reissued a “hold” rating and set a $4.00 price objective on shares of Express in a research report on Friday. Wedbush decreased their target price on shares of Express from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Tuesday, August 27th. MKM Partners set a $3.00 price target on Express and gave the stock a “hold” rating in a report on Thursday, August 29th. ValuEngine upgraded Express from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $3.55.

The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $264.36 million, a price-to-earnings ratio of 17.16 and a beta of 1.06. The firm’s 50 day simple moving average is $3.66 and its 200-day simple moving average is $2.90.

Express (NYSE:EXPR) last released its earnings results on Thursday, December 5th. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. Express had a negative net margin of 0.62% and a positive return on equity of 0.34%. The company had revenue of $488.50 million during the quarter, compared to analysts’ expectations of $483.25 million. During the same quarter last year, the business earned $0.11 EPS. The business’s revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Express, Inc. will post -0.28 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in EXPR. grace capital purchased a new stake in Express in the 3rd quarter valued at approximately $35,000. Virtu Financial LLC acquired a new stake in shares of Express in the third quarter valued at about $54,000. State Street Corp boosted its holdings in Express by 1.3% during the third quarter. State Street Corp now owns 2,601,271 shares of the company’s stock worth $8,948,000 after buying an additional 33,299 shares in the last quarter. First Trust Advisors LP acquired a new position in Express during the third quarter worth about $525,000. Finally, Rhumbline Advisers grew its position in Express by 5.0% during the third quarter. Rhumbline Advisers now owns 219,873 shares of the company’s stock worth $756,000 after buying an additional 10,509 shares during the period. Hedge funds and other institutional investors own 99.19% of the company’s stock.

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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