Express, Inc. (NYSE:EXPR) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 11,480,000 shares, a decline of 21.5% from the September 15th total of 14,630,000 shares. Approximately 19.1% of the company’s shares are sold short. Based on an average trading volume of 3,370,000 shares, the days-to-cover ratio is currently 3.4 days.
EXPR remained flat at $$0.75 during midday trading on Friday. The company’s stock had a trading volume of 3,424,695 shares, compared to its average volume of 2,353,143. The business has a fifty day moving average of $0.85 and a 200 day moving average of $1.43. The stock has a market cap of $48.83 million, a price-to-earnings ratio of -0.12 and a beta of 2.07. The company has a quick ratio of 0.63, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. Express has a 12 month low of $0.61 and a 12 month high of $6.24.
Express (NYSE:EXPR) last announced its quarterly earnings results on Wednesday, August 26th. The company reported ($1.48) earnings per share for the quarter, missing the consensus estimate of ($1.16) by ($0.32). The company had revenue of $245.70 million for the quarter, compared to analyst estimates of $245.94 million. Express had a negative return on equity of 54.38% and a negative net margin of 26.21%. On average, research analysts anticipate that Express will post -3.72 EPS for the current fiscal year.
A number of equities research analysts have weighed in on EXPR shares. B. Riley reiterated a “hold” rating and issued a $1.50 target price on shares of Express in a report on Friday, July 17th. MKM Partners decreased their price target on Express from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Thursday, August 27th. Finally, Zacks Investment Research downgraded Express from a “hold” rating to a “sell” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $1.94.
Express Company Profile
Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for various 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. As of February 1, 2020, it operated 381 primarily mall-based retail stores in the United States and Puerto Rico, as well as 214 factory outlet stores.
See Also: What is the Consumer Price Index (CPI)?
Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.