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EXPR

Express

$5.40

0.11 (2.08%)

06:48
01/22/19
01/22
06:48
01/22/19
06:48

Express CEO David Kornberg departs, Matthew Moellering named interim CEO

Express announced the departure of CEO David Kornberg. Effective January 22. Kornberg will no longer serve as CEO, President or as a member of the Board of Directors. Kornberg will remain employed by the company through February 21. The Board of Directors has appointed Matthew Moellering as Interim CEO and Interim President until a permanent CEO and President is appointed. Moellering has served as the company's Executive Vice President and COO since September 2011 and will continue to serve as such during his tenure as Interim CEO and Interim President.

  • 03

    Mar

EXPR Express
$5.40

0.11 (2.08%)

05/31/18
05/31/18
NO CHANGE

Express sees Q2 EPS (2c)-2c, consensus 0c
Sees Q2 comparable revenue (-1%)-1%, consensus $477.29M, compared to a 10% decrease in 1Q17. .
05/11/18
05/11/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tyson Foods (TSN) initiated with an Outperform at Bernstein. 2. Dexcom (DXCM) initiated with a Buy at BofA/Merrill. 3. Riot Blockchain (RIOT) initiated with a Buy at H.C. Wainwright. 4. American Eagle (AEO) initiated with an Outperform at Wedbush, while Abercrombie & Fitch (ANF) , Express (EXPR) initiated with a Neutral at Wedbush, and Lululemon (lulu) were initiated with a Neutral. 5. Lincoln National (LNC) reinstated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/11/18
WEDB
05/11/18
INITIATION
Target $9
WEDB
Neutral
Express initiated with a Neutral on Q1 data at Wedbush
Wedbush analyst Jennifer Redding initiated Express with a Neutral and $9 price target. Redding said the promotional environment picked up in Q1 with increases in markdowns, indicating potential pressure to merchandise margins. The analyst said total company Average Price declined by 34% year-over-year, suggesting further AUR weakness.
05/10/18
WEDB
05/10/18
INITIATION
WEDB
Neutral
Express initiated with a Neutral at Wedbush
Wedbush analyst Jennifer Redding initiated Express with a Neutral and $9 price target.

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