Express (EXPR) : Beacon Financial Group reduced its stake in Express by 0.97% during the most recent quarter end. The investment management company now holds a total of 30,870 shares of Express which is valued at $660,309 after selling 301 shares in Express according to a report filed by the company on Apr 1, 2016 with the SEC.Express makes up approximately 0.14% of Beacon Financial Group’s portfolio.
On the company’s financial health, Express reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 9, 2016. Analyst had a consensus of $0.65. The company had revenue of $765.60 million for the quarter, compared to analysts expectations of $769.40 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Express. Company shares were Reiterated by UBS on Mar 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 21 from a previous price target of $18 .Company shares were Reiterated by Wedbush on Mar 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 27 from a previous price target of $26 .
Express closed down -0.03 points or -0.15% at $19.81 with 22,49,445 shares getting traded on Monday. Post opening the session at $20.02, the shares hit an intraday low of $19.65 and an intraday high of $20.165 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Express Inc. is a specialty apparel and accessories retailer offering both women’s and men’s merchandise targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles including work casual jeans wear and going-out occasions. The Company operates one segment which includes the operation of its brick-and-mortar retail and outlet stores e-commerce operations and franchise operations. The Company sells its products through its e-commerce Website www.express.com and has franchise agreements with franchisees that operate Express locations in Latin America the Middle East and South Africa. The Company operates approximately 641 stores across the United States in Canada and in Puerto Rico including 41 factory outlet stores.