Express Inc. (EXPR) Isn't Broken, Says Goldman Sachs
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March 13, 2014 6:21 AM EDT
FBR Capital downgraded Express Inc. (NYSE: EXPR) from Outperform to Market Perform with a price target of $16 citing caution on 2014 given headwinds.
Analyst Susan Anderson said, "While we admire EXPR's on-trend product, we acknowledge that on-trend product may not be sufficient in the... More
March 12, 2014 1:45 PM EDT
UBS downgraded Express Inc. (NYSE: EXPR) from Buy to Neutral with a price target of $17 from $24.
Analyst Roxanne Meyer said, "Following a highly disappointing 2H13 for EXPR, FY14 guidance is underwhelming, with the 1H expected to show meaningful EPS deterioration YOY.... More
March 12, 2014 1:42 PM EDT
Stifel Nicolaus downgraded Express Inc. (NYSE: EXPR) from Buy to Hold.
For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.
Shares of Express Inc. closed at $18.24 yesterday, with a 52 week range of $16.34-$25.05.... More
March 12, 2014 12:53 PM EDT
Piper Jaffray downgraded Express Inc. (NYSE: EXPR) from Overweight to Neutral.
For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.
Shares of Express Inc. closed at $18.24 yesterday, with a 52 week range of $16.34-$25.05.... More
March 12, 2014 7:03 AM EDT
Express (NYSE: EXPR) reported Q4 EPS of $0.57, $0.02 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $715.9 million versus the consensus estimate of $722.02 million.
Michael Weiss, the Company's Chairman and Chief Executive Officer, noted that, "Our fourth quarter results were within the range of our revised guidance but disappointing nonetheless given the strength of our collection across both genders. We delivered positive comps for the quarter, but the heavier than planned pace of promotions impacted both top-line and margins. On the plus side, we ended the quarter with lean... More
