The Columbus, Ohio based Express, Inc’s (NYSE:EXPR) stock moved up on Wednesday after the clothing retailer reported it rebounded from a weak Q3 with record sales on Black Friday.
The apparel retailer reported that net income moved up by around 50% to $17.4 million or 20 cents a share for the three months period finished Oct 27, from $32.7 million or 37 cents a share.
The company reported that revenue plunged 4% to $468.5 million from $486.8 million and sales in stores open around a year plunged 5%.
FactSet analysts anticipated net income of 17 cents a share on revenue of $468.9 million.
The company lowers its Q3 forecasts at the start of October owing to the drop in shopper traffic and higher discounts.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. rue21, inc. (NASDAQ:RUE) surged +2.59% to settle at $29.26, Zumiez Inc. (NASDAQ:ZUMZ) moved up +6.40% to end at $21.10 while Pacific Sunwear of California, Inc. (NASDAQ:PSUN) jumped +3.70% to finish on Wednesday at $1.68.
Express, Inc. (NYSE:EXPR) last session volume of 9.66 million shares was higher than its average volume of 1.80 million shares. The stock after opening at $14.74 hit high price of $14.82 and then closed at $14.15 by scoring +8.93%.
The liquidity measure in recent quarter results of the company was recorded 1.48 as current ratio and on the other side the debt to equity ratio was 0.67 and long-term debt to equity ratio also remained 0.67. The Company had total cash at hand $130.17 million and a book value per share as $3.39 in the most recent quarter.
The stock price volatility was 4.57% for a week and 3.61% for a month as well as price volatility’s Average True Range for 14 days was 0.50.
EXPR generated revenue of 2.11 billion in the following twelve months and earned $150.97 million. The Company showed a positive 7.15% in the net profit margin and as well as in its operating margin which remained 12.94%.
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