Express, Inc. (NYSE:EXPR) – B. Riley lifted their Q3 2020 earnings estimates for Express in a research note issued to investors on Thursday, March 14th. B. Riley analyst S. Anderson now anticipates that the company will post earnings of $0.12 per share for the quarter, up from their prior estimate of $0.11. B. Riley has a “Hold” rating and a $7.00 price objective on the stock. B. Riley also issued estimates for Express’ Q4 2020 earnings at $0.34 EPS and FY2021 earnings at $0.28 EPS.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $628.40 million for the quarter, compared to analysts’ expectations of $629.63 million. Express had a net margin of 1.84% and a return on equity of 5.94%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share.
EXPR opened at $4.49 on Friday. The firm has a market capitalization of $345.38 million, a P/E ratio of 12.47 and a beta of 1.12. Express has a 12-month low of $4.28 and a 12-month high of $11.69.
In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $5.36, for a total transaction of $1,288,678.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co grew its position in shares of Express by 12.3% during the fourth quarter. Paloma Partners Management Co now owns 21,731 shares of the company’s stock worth $111,000 after acquiring an additional 2,380 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Express by 13.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 23,387 shares of the company’s stock worth $120,000 after acquiring an additional 2,767 shares during the last quarter. United Services Automobile Association grew its position in shares of Express by 15.7% during the fourth quarter. United Services Automobile Association now owns 28,241 shares of the company’s stock worth $144,000 after acquiring an additional 3,822 shares during the last quarter. Arizona State Retirement System grew its position in shares of Express by 4.5% during the fourth quarter. Arizona State Retirement System now owns 113,006 shares of the company’s stock worth $577,000 after acquiring an additional 4,899 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Express by 1.9% during the fourth quarter. Two Sigma Advisers LP now owns 301,500 shares of the company’s stock worth $1,541,000 after acquiring an additional 5,637 shares during the last quarter.
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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