Company shares last traded at $6.90 which is marginally over $6.54, the stock’s 50 day moving average and which is just under the 200 day moving average of $6.94. The 50 day moving average was up $0.36 or +5.49% and the 200 day average moved down $-0.04. Trading was heavy with 3,530K shares changing hands by the end of trading on Tuesday. Trading volume was up 80.88% over the stocks average daily volume.
Short traders are feeling a little more bearish on shares of Express, Inc. of late if you evaluate the rise in short interest. The stock experienced a rise in short interest of 2.70% between September 15, 2017 and September 29, 2017. Short interest grew from 7,991,943 to 8,207,707 over that period. With short interest at 8,207,707 and short average daily volume at 2,452,560, days to cover is 3.0 and the short interest percentage is 0.10% as of September 29.
A few notable investment firms have updated their holdings. Balter Liquid Alternatives, LLC grew its investment by buying 18,167 shares an increase of 61.2% as of 09/30/2017. Balter Liquid Alternatives, LLC currently owns 47,863 shares worth $324,000. The total value of its holdings increased 62.0%. As of quarter end Gemmer Asset Management LLC had bought 78 shares growing its holdings by 9.3%. The value of the company’s investment in Express, Inc. went from $6,000 to $6,000 decreasing 0.0% quarter to quarter.
As of the end of the quarter Quadrant Capital Group LLC had acquired a total of 128 shares growing its stake by 123.1%. The value of the investment in EXPR increased from $0 to $1,000 a change of inf% for the reporting period. Meeder Asset Management Inc divested its ownership by selling 677 shares a decrease of 43.7% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc now controls 871 shares valued at $6,000. The value of the position overall is down by 40.0%.
The P/E ratio is currently 30.00 and the market cap of the company is 543.62M. In the last earnings report the EPS was $0.23 and is estimated to be $0.43 for the current year with 78,786,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.41 and the next full year EPS is anticipated to be $0.56.
Express, Inc., launched on June 10, 2008, is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions. The Company is involved in 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 its mobile application, and has franchise agreements with franchisees that operate Express locations in Latin America..