2.0600 0.00 (0.00%)
After hours: 5:06PM EDT
|Bid||2.0700 x 2200|
|Ask||2.0800 x 2200|
|Day's Range||1.9300 - 2.1000|
|52 Week Range||1.8300 - 11.6900|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.00|
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.
Express, Inc. , a leading fashion apparel retailer, today announced that it will conduct a conference call to discuss second quarter 2019 results on Wednesday, August 28, 2019 at 9:00 a.m.
Express, Inc. (EXPR), a leading fashion apparel retailer, today announced that the Company has appointed two officers to key roles in the organization. Both will join Express on September 9, 2019 and report directly to Chief Executive Officer Tim Baxter. As Chief Merchandising Officer, Ms. Akay will oversee women’s and men’s design and merchandising with responsibility for product and merchandising strategy across Express and Express Factory Outlet stores as well as express.com.
(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.
In accordance with the New York Stock Exchange rules regarding equity inducement awards, Express, Inc. (EXPR) (the “Company”), a leading fashion apparel retailer, today announced that on July 15, 2019, an equity inducement award of 2,320,000 stock options and 576,923 time-based restricted stock units were granted to Timothy Baxter, the Company's Chief Executive Officer, in connection with the commencement of his employment. The Company previously disclosed this award in its current report on form 8-K filed on May 21, 2019 in connection with the announcement of Mr. Baxter’s appointment. Approximately one-half of the stock options will vest ratably over four years, subject to continued employment with the Company.
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 ...
There are more than a handful of companies celebrating Pride Month 2019 and InvestorPlace is collecting a list of companies that are taking part in the celebrations.Source: Shutterstock The following is a list of companies celebrating Pride Month 2019 (plus we've thrown in some extra brands as well). * Adidas (OTCMKTS:ADDYY) * Alex Bittar * American Apparel * American Eagle Outfitters (NYSE:AEO) * ASOS (OTCMKTS:ASOMY) * Bloomingdale's * Bombas * Bubly * Calvin Klein * Champion * Cinq a Sept * Converse * Diesel * Disney (NYSE:DIS) * Dr. Martens * Express (NYSE:EXPR) * Fossil (NASDAQ:FOSL) * Gap (NYSE:GPS) * Green Box Shop * Harry's * H&M (OTCMKTS:HNNMY) * John Varvatos * KIND * Levi's (NYSE:LEVI) * Listerine * LOFT * Lowell Herbs and Moxey Mints * MAC Cosmetics * Macy's (NYSE:M) * Madewell * Michael Kors * Nike (NYSE:NKE) * Otherwild * Penguin * Ralph Lauren (NYSE:RL) * Reebok * Sperry * Sweetgreen * Target (NYSE:TGT) * Teva * TOMS * UGG * Urban Decay * Warby Parker * Youth To The People * 6 Big Dividend Stocks to Buy as Yields Plunge These are all the different companies and brands that we could could find celebrating Pride Month 2019. You can follow these links to learn how they are taking part in the event, which includes special goods and other products. Even with a long list list this, there are sure to be other companies celebrating Pride Month 2019. Keep an eye out for them and feel free to let everyone know if you find any others.InvestorPlace - Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Impacted by the Mexican Tariffs * 6 Big Dividend Stocks to Buy as Yields Plunge * The 10 Biggest Announcements From Apple WWDC 2019 As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post 45 Companies Celebrating Pride Month 2019 appeared first on InvestorPlace.
took the fast track Thursday, climbing nearly 8% to $3.42 in premarket trading as the apparel retailer beat Wall Street's first-quarter expectations. The Columbus, Ohio-based company reported a net loss of $9.9 million, or 15 cents a share, compared with net income of $500,000, or 1 cent a share, a year ago. Sales fell 6% to $451.3 million, but were still good enough to beat Wall Street's estimate of $429 million.
Express (EXPR) delivered earnings and revenue surprises of 51.61% and 5.46%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Express Inc. shares soared more than 13% in premarket trade Thursday, after an earnings report that was much less weak than feared. The Columbus, Ohio-based apparel retailer said it had a net loss of $9.9 million, or 15 cents a share, after net income of $0.5 million, or 1 cent a share, in the year-earlier period. Sales fell 6% to $451.3 million. The FactSet consensus was for a loss of 31 cents and sales of just $429 million. Same-store sales fell 9%, less than the 10.1% decline FactSet was forecasting. "While we had a soft start to the year, the health of the business improved throughout the period," Interim Chief Executive Matthew Moellering said in a statement. "As a result, we were able to reduce promotion levels in the back half of the quarter." The company has lined up Timothy Baxter to become CEO effective June 17. Baxter comes to the job from his role as CEO of Delta Galil Premium Brands, a group of specialty retail clothing brands. For the second quarter, Express is expecting same-store sales to fall 6% to 8%, and expects a loss per share of 13 cents to 17 cents. The FactSet consensus is for a same-store sales decline of 6.7% and for a loss per share of 14 cents. Shares have fallen 65.4% in the last 12 months, while the S&P 500 has gained 2.2%.
NEW YORK, NY / ACCESSWIRE / May 30, 2019 / Express, Inc. (NYSE: EXPR ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 30, 2019 at 9:00 AM Eastern Time. ...
On a per-share basis, the Columbus, Ohio-based company said it had a loss of 15 cents. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research ...
COLUMBUS, Ohio-- -- First quarter net sales decreased 6% with comparable sales down 7% First quarter diluted loss per share of $0.15 vs. guidance of to Strong balance sheet maintained with $144 million in cash and no debt Repurchased 13.0 million shares for $105 million life to date under existing $150 million share repurchase program Board of Directors appointed Timothy Baxter as new CEO Express, ...
Express (NYSE: EXPR ) releases its next round of earnings this Thursday, May 30. Here's Benzinga's essential guide to Express's Q1 earnings report. Earnings and Revenue Sell-side analysts are expecting ...
Express Inc. has named a new CEO. Timothy Baxter will take on the top role at the Columbus-based retailer on June 17. At that time, interim president and CEO Matthew Moellering will revert to executive vice president and COO of the company, according to a news release.