3.4000 0.00 (0.00%)
After hours: 4:57PM EDT
|Bid||3.4000 x 2900|
|Ask||3.4000 x 800|
|Day's Range||3.1600 - 3.4200|
|52 Week Range||1.8300 - 9.6400|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 27, 2019 - Dec 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.63|
A federal court judge has ordered a Tennessee-based trucking company to pay nearly $455,000 in restitution to its Employee Stock Ownership Plan (ESOP) following an investigation that alleged the carrier overpriced its company stock. In his decision, U.S. District Court Judge Thomas A. Varlan also ordered Stephen Thompson, former ESOP trustee of Big G Express Inc. of Shelbyville, Tennessee, and David Nolan, chief financial officer of Big G Express, to pay a civil penalty of $45,454.
Express, Inc. (EXPR), a leading fashion apparel retailer, today announced that Matthew Moellering has been promoted to President and Chief Operating Officer of Express. “Elevating Matt’s role to President reflects my immense confidence in his leadership as well as his importance to the future of Express,” said Tim Baxter, Chief Executive Officer. Mr. Moellering joined Express in 2006 and has served as Executive Vice President and Chief Operating Officer since September 2011.
In accordance with the New York Stock Exchange rules regarding equity inducement awards, Express, Inc. , a leading fashion apparel retailer, today announced that in connection with the appointments of Malissa Akay as Executive Vice President and Chief Merchandising Officer, and Sara Tervo as Executive Vice President and Chief Marketing Officer, 184,466 time-based restricted stock units were granted ...
Express, Inc. , a leading fashion apparel retailer, today announced that the Company will present at CL King’s 17th Annual Best Ideas Conference at the Omni Berkshire Place hotel in New York, New York on Thursday, September 19, 2019 at 2:45 p.m.
Express (NYSE: EXPR ) reported second-quarter losses of 13 cents per share, which beat the analyst consensus estimate by 3 cents. The company reported quarterly sales of $472.7 million, which beat the ...
Express (EXPR) delivered earnings and revenue surprises of 13.33% and 3.13%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Clothing retailer Express Inc. shares fell about 8% in premarket trade Wednesday, after swinging to a loss in the second quarter and offering softer-than-expected guidance. Columbus, Ohio-based Express said it had a net loss of $9.7 million, or 14 cents a share, in the quarter, after net income of $2.2 million, or 3 cents a share, in the year-earlier period. Adjusted per-share loss came to 13 cents, narrower than the loss of 15 cents forecast by FactSet analysts. Sales fell 4% to $472.7 million, ahead of the $461 million FactSet consensus. Same-store sales fell 7%, compared with a FactSet consensus for a decline of 6.6%. "Our second quarter results are not indicative of what this company can deliver, and I am committed to returning Express to long-term, profitable growth," Chief Executive Tim Baxter, who joined the company in June, said in a statement. The company is now expecting third-quarter same-store sales to fall 6% to 7%. It expects a loss per share of 8 cents to 10 cents, compared with a FactSet consensus for EPS of 2 cents. Shares have fallen 66.6% in 2019, while the S&P 500 has gained 14.5%.
Express (EXPR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
[Editor's note: "5 Cheap Stocks to Buy That Are $6 or Less" was originally published in May 2019. It has since been updated to include the most relevant information available.]The stock market's volatility at the start of 2019 didn't make me any less bullish on stocks, and that mentality has paid off -- the Dow Jones is up 10% year-to-date. And my penny stock picks? While some are down from their first-quarter peaks, most of them remain considerably higher on a YTD basis.Among these stocks, market movements can cause some noise. But the investment thesis on cheap stocks to buy is predicated on huge moves higher in the long-term. Thus, in the near-term, macro-driven movements amount to nothing more than a sideshow.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom this perspective, now might be a good time to pile into some stocks under $6. These stocks to buy are a high-risk bunch. But they do have high-reward potential, too. * 10 Cheap Dividend Stocks to Load Up On With that in mind, here is a list of five of the best penny stocks to buy that I think have more upside potential to ride the market's bullishness. Pier 1 (PIR)PIR stock price: $3.36 Year-to-date: -45%Furniture retailer Pier 1 Imports (NYSE:PIR) has had a tough time getting its act together for several years. PIR stock has collapsed over the past year. These problems aren't new. Over the past five years, this stock has lost more than 90% of its value.Source: Shutterstock Having said that, there is visibility for a turnaround in PIR stock in the near future.At its core, Pier 1 has been killed by rising e-commerce threats creating huge pricing and traffic headwinds. Pier 1, which stands somewhat square in the middle of price and quality, doesn't really have anything special about the business to protect against these headwinds. Consequently, sales and margins have dropped in a big way.But, the company has a three-year strategic plan to turn the business around. The plan includes bigger investments in omnichannel commerce capabilities and marketing.No one knows whether this plan will actually work. But home furnishings is a market with enduring demand, so that helps.Meanwhile, PIR stock is dirt cheap. At 50 cents per share in earnings power, it wouldn't be unreasonable to see this stock hit $8 (a market-average 16x multiple). Groupon (GRPN)GRPN stock price: $2.32 Year-to-date: -28%Much like Pier 1, savings-king Groupon (NASDAQ:GRPN) feels like one of those companies that were loved yesterday but will be forgotten tomorrow. But I don't think that's true. I get that the savings and deals market is commoditized now. I also understand that Groupon really isn't a household name for coupons like it used to be.Source: Shutterstock But I'm a numbers guy. And Groupon's numbers are pretty good. Its margins are improving thanks to management's focus on higher-margin businesses.Operating expenses are also being removed from the system, so the company's overall profitability profile is improving.Aside from the numbers, Groupon launched an aggressive advertising campaign last year with hyper-relevant Tiffany Haddish that scored just shy of 100 million views. I think this campaign will have a long-term positive effect on usage, which could drive the stock higher. * 10 Stocks Under $5 to Buy for Fall Put it all together, and it looks like GRPN stock could have a big-time rally in 2020. Zynga (ZNGA)ZNGA stock price: $5.55 Year-to-date: 46%I'm not a huge fan of the mobile gaming sector. It's a tough space plagued with competition and low margins. Plus, competition is only building thanks to social media apps becoming increasingly multi-purpose.Source: Shutterstock But mobile gaming company Zynga (NASDAQ:ZNGA) seems to have found the key to success in the mobile gaming world.Zynga used to be a mega-popular browser game company with tons of users. But then the company overreached by branching into games that had heavy overlap with the traditional video game market, like sports titles. They couldn't compete in that market. Eventually, the over-extension sparked user churn, and ZNGA stock spiraled downward.That forced Zynga to re-invent itself into something much more relevant and defensible. They did just that. Zynga has transitioned its business model from web-focused to mobile-first while narrowing its gaming title focus. This pivot has streamlined operations, re-invigorated top-line growth, cut costs and improved profitability.From where I sit, this pivot appears to be in its early stages. Mobile is a secular growth narrative, and ZNGA has developed a gaming portfolio that is focused and tailored to that growth narrative. Thus, so long as mobile engagement heads higher, Zynga's numbers should get better. Better numbers will inevitably lead to a higher stock price. Arotech (ARTX)ARTX stock price: $2.24 Year-to-date: -15.4%There is no hiding the fact that the defense sector has been hot under President Donald Trump. Trump came into office, upped the ante on defense and military spending, and in response, the whole world is spending more on defense and military.Source: arotech.com Defense contractors win when this happens. That is why mega-cap defense contractors like Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA) have been on fire for the past several quarters. But one micro-cap defense contractor that has missed out on this rally is Arotech (NASDAQ:ARTX).Over the past several years, the financials at Arotech haven't gained any ground. Five years ago, its revenues were $103.5 million and its net income was $3.5 million. In 2017, its revenues were $98.7 million and its net income was $3.8 million.In other words, its profits haven't risen much in five years. When profits don't go up, the stock tends not to go up. It is a simple relationship. But its profits are stabilizing. When profits go from declining to stabilizing, they usually go to growth next. * 15 Growth Stocks to Buy for the Long Haul And, when profits go up, stocks tend to go up. As such, it looks like Arotech is finally joining the tide when it comes to big boosts in defense and military spending. This tide will inevitably lift Arotech's earnings power substantially, and ARTX will rally as a result. Blink Charging (BLNK)BLNK stock price: $2.60 Year-to-date: 100%When it comes to cheap stocks, there are few as volatile as Blink Charging (NASDAQ:BLNK).Source: Shutterstock Over the past two years, BLNK stock has gone from $10 to $3, and popped from $4.50 to $8; it now sits at a paltry $2.60. This volatility won't give up any time soon. Thus, if you want to avoid volatility, I'd normally say avoid BLNK stock …That being said, if this company's secular growth narrative surrounding building a network of electric vehicle charging stations globally materializes within the next five years, this stock could be a 5- or even 10-bagger.It is a big risk. But, eventually, global infrastructure will need to match demand. At that point in time, there will be some huge contracts awarded to electric vehicle charging station companies.Will Blink be one of them? Perhaps. Tough to tell. But if they do land some big contracts, this stock could have another huge pop in a short amount of time.As of this writing, Luke Lango was long FB, PIR, GRPN and ARTX. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential The post 5 Cheap Stocks to Buy That Are $6 or Less appeared first on InvestorPlace.
(Bloomberg Opinion) -- Shares of Procter & Gamble Co. reached an all-time high this week after the company released a blockbuster quarterly earnings report. Organic sales – a measure that strips out currency movements and other factors – were the highest in more than a decade, with each of its major divisions posting at least mid-single digit growth from a year earlier on this measure. An upbeat sales and earnings forecast for 2020 capped off the win.It’s a remarkable change in momentum for a consumer-goods behemoth that only a year ago was licking its wounds after a bruising proxy fight and was desperate to show it could do better amid tough competition from insurgent and private brands.So how did P&G do it? Many factors, including a new organizational structure and revamped marketing strategy, are playing a role. Importantly, though, it’s also done a good job of figuring out how to get shoppers to pay more for its products. It’s here that I want to focus, as there are some lessons in what P&G has done for another corner of the consumer world – the apparel industry – which badly needs to do the same thing.One way P&G has gotten consumers to splurge is through product innovation. Pampers Pure – a version of its familiar diaper that is made with plant-based and sustainable materials – has helped lift sales recently in its baby division. This product, new to the market in 2018, capitalizes on consumers’ growing preference for eco-friendly products while also giving the company a reason to charge a premium price. This year, it followed up with Pure products in its Always and Tampax brands.Higher-priced items have also been driving strong growth in its laundry division. Tide Pods and Gain Flings carry a 50% price premium compared to liquid detergent, and yet shoppers scoop them up because the format offers obvious convenience.Here’s why I think the apparel industry should pay attention to this dynamic, even though selling consumer staples is a somewhat different beast. Chains such as Gap Inc., Ann Taylor and Macy’s Inc., have become over-reliant on discounts, which can cheapen their image and hurt margins. Lately, their approaches seem to largely center on using technology to present more personalized deals, or to introduce fresh loyalty programs as a way to offer value. And it hasn’t done much to return them to relevance.What if, instead, they focused on product innovation, like P&G does, to get people to pay full price? In apparel, there are at least a couple of ways to do this.One is working to develop garments with clear functionality or performance advantages, such as a white t-shirt that isn’t see-through or pants that don’t shrink in the wash. This, in fact, is how Lululemon Athletica Inc. has become a rare bright spot in the clothing business. Women are willing to pay $98 for its leggings because its distinct fabrics and designs result in a comfort and durability that shoppers deem worth the price tag. No wonder the athletic apparel retailer has booming sales and practically never discounts.Product innovation could also mean fashion newness – creating pieces that people simply feel like they have to have. As Andrea Felsted and I noted in a recent column, Inditex SA’s Zara does it all the time. J. Crew Group, for all its current woes, managed to win with fashion innovation during the apex of the Mickey Drexler-Jenna Lyons era, when its sequins-as-daywear and oversize necklaces became a go-to look every chain was forced to imitate.It isn’t just product innovation, though, that has allowed P&G to win with pricing; it has also raised prices on existing items under banners such as Bounty, Charmin and Puffs as it has sought to offset elevated commodity costs. In some ways, this is a risky move, as private-label brands are there as a cheaper alternative.Here’s the thing, though: P&G is fond of saying “performance drives brand choice.” In other words, executives trust that, for all but the most budget-conscious shoppers, people are going to be loyal to the product they think works best.Clothing sellers should consider embracing this philosophy. Mid-priced apparel chains appear to be battle-scarred by two factors: the recession that ended a decade ago, and the concurrent competitive incursions from value-oriented players such as H&M operator Hennes & Mauritz AB and TJX Cos., owner of the T.J. Maxx chain. That confluence of events seemed to spook them into believing that the only thing that would ever get shoppers to open their wallets is discounts.I don’t think that’s true. In today’s upbeat economy, I am confident plenty of once-devoted Banana Republic, Loft or Express Inc. shoppers would pony up for work attire they perceived to be durable, or for a date-night dress they thought was a knockout. The mental calculus wouldn’t be so different from why that same woman springs for Charmin even when the generic toilet paper is right next to it on the shelf: It performs better, so it’s worth the cost.Mall-based clothing chains are in a rut. It’s high time for some more creative thinking – and perhaps some unusual inspiration – if they’re going to dig out of it.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Retailer Express reports earnings with an elevated P/E ratio of 45.88 and has seen extreme volatility around earnings reports and guidance.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the first quarter, which unveil their equity positions as of March 31. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
Gap Inc (NYSE: GPS ) and Express, Inc. (NYSE: EXPR ) recently reported first-quarter results, which prompted MKM to lower its fair value estimates for both names. The Analyst MKM Partners' Roxanne Meyer ...