Express, Inc. (NYSE:EXPR) Short Interest Down 19.3% in June

Express, Inc. (NYSE:EXPR) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 12,742,500 shares, a decrease of 19.3% from the May 30th total of 15,781,100 shares. Based on an average daily trading volume, of 2,020,000 shares, the short-interest ratio is presently 6.3 days. Approximately 19.4% of the shares of the stock are short sold.

Shares of NYSE EXPR traded up $0.08 during midday trading on Friday, hitting $2.60. The stock had a trading volume of 939,200 shares, compared to its average volume of 1,978,485. The stock has a 50-day simple moving average of $2.83. The stock has a market cap of $171.52 million, a price-to-earnings ratio of 8.13 and a beta of 0.95. Express has a fifty-two week low of $2.48 and a fifty-two week high of $11.69. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.39 and a current ratio of 0.97.

Express (NYSE:EXPR) last released its earnings results on Thursday, May 30th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.16. The company had revenue of $451.30 million during the quarter, compared to analysts’ expectations of $429.41 million. Express had a positive return on equity of 2.20% and a negative net margin of 0.04%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. On average, sell-side analysts forecast that Express will post -0.11 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of EXPR. Norges Bank bought a new position in shares of Express in the 4th quarter worth $9,096,000. Bank of America Corp DE lifted its holdings in Express by 2,029.4% during the fourth quarter. Bank of America Corp DE now owns 1,167,252 shares of the company’s stock worth $5,965,000 after acquiring an additional 1,112,436 shares in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in Express by 551.5% during the first quarter. Quinn Opportunity Partners LLC now owns 1,259,795 shares of the company’s stock worth $5,392,000 after acquiring an additional 1,066,420 shares in the last quarter. Divisar Capital Management LLC bought a new position in Express during the fourth quarter worth about $3,628,000. Finally, Marshall Wace LLP bought a new position in Express during the first quarter worth about $2,664,000.

A number of equities research analysts recently weighed in on EXPR shares. TheStreet raised ExOne from a “d” rating to a “c” rating in a report on Thursday, March 14th. Deutsche Bank cut CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a report on Monday, March 18th. They noted that the move was a valuation call. B. Riley set a $18.00 price target on TiVo and gave the company a “buy” rating in a report on Friday, May 31st. Wedbush dropped their price target on Express from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $5.33.

Express Company Profile

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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