Express (NYSE:EXPR) Stock Rating Lowered by StockNews.com

Express (NYSE:EXPR – Get Rating) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Express Trading Down 3.0 %

NYSE:EXPR opened at $0.65 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.99 and a quick ratio of 0.31. The firm has a 50-day moving average of $0.80 and a 200-day moving average of $1.00. The company has a market cap of $47.96 million, a PE ratio of 0.15 and a beta of 1.72. Express has a one year low of $0.65 and a one year high of $3.17.

Express (NYSE:EXPR – Get Rating) last released its quarterly earnings results on Friday, March 24th. The company reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.09. Express had a net margin of 15.76% and a negative return on equity of 117.17%. The business had revenue of $514.33 million for the quarter, compared to analysts’ expectations of $536.68 million. During the same period in the previous year, the company earned $0.11 earnings per share. As a group, equities research analysts expect that Express will post -1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in Express by 57.0% during the first quarter. Goldman Sachs Group Inc. now owns 36,976 shares of the company’s stock worth $132,000 after purchasing an additional 13,424 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Express by 24.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,652 shares of the company’s stock worth $72,000 after purchasing an additional 13,792 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its stake in Express by 4.8% in the third quarter. BNP Paribas Arbitrage SNC now owns 308,169 shares of the company’s stock valued at $336,000 after acquiring an additional 13,984 shares during the last quarter. Barclays PLC boosted its stake in Express by 88.7% in the first quarter. Barclays PLC now owns 32,547 shares of the company’s stock valued at $25,000 after acquiring an additional 15,297 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Express in the first quarter valued at about $62,000. 48.19% of the stock is currently owned by hedge funds and other institutional investors.

About Express

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Express, Inc is a dual gender apparel and accessories brand. It operates retail and outlet stores in the United States and Puerto Rico, located primarily in high-traffic shopping malls, lifestyle centers, outlet centers, and street locations. The company reports results as a single segment, which includes the operation of its Express brick-and-mortar retail and outlet stores, eCommerce operations, and franchise operations.