Express, Inc. (NYSE:EXPR) Short Interest Up 7.4% in July
Express, Inc. (NYSE:EXPR) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 13,684,500 shares, a growth of 7.4% from the June 15th total of 12,742,500 shares. Based on an average daily trading volume, of 1,970,000 shares, the days-to-cover ratio is currently 6.9 days. Currently, 20.9% of the company’s shares are sold short.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, B. Riley set a $18.00 price objective on TiVo and gave the company a “buy” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $4.60.
Large investors have recently added to or reduced their stakes in the business. Lombard Odier Asset Management USA Corp purchased a new position in Express in the first quarter valued at about $1,662,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Express during the fourth quarter worth about $178,000. Norges Bank purchased a new stake in shares of Express during the fourth quarter worth about $9,096,000. Alambic Investment Management L.P. increased its position in shares of Express by 192.0% during the first quarter. Alambic Investment Management L.P. now owns 45,500 shares of the company’s stock worth $195,000 after acquiring an additional 29,920 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Express during the first quarter worth about $2,664,000.
Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.16. Express had a positive return on equity of 2.20% and a negative net margin of 0.04%. The company had revenue of $451.30 million for the quarter, compared to analyst estimates of $429.41 million. During the same period last year, the company posted $0.01 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Express will post -0.11 EPS for the current year.
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.
Further Reading: Gross Domestic Product (GDP)
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