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Conference/Events
Express management to meet with MKM Partners » 04:55
02/13/20
02/13
04:55
02/13/20
04:55
EXPR

Express

$4.47 /

+0.14 (+3.23%)

Meetings to be held in…

Meetings to be held in Texas on February 12-13 hosted by MKM Partners.

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Conference/Events
Express management to meet with MKM Partners » 04:55
02/12/20
02/12
04:55
02/12/20
04:55
EXPR

Express

$4.33 /

+0.09 (+2.12%)

Meetings to be held in…

Meetings to be held in Texas on February 12-13 hosted by MKM Partners.

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Conference/Events
Express management to meet with MKM Partners » 06:50
02/10/20
02/10
06:50
02/10/20
06:50
EXPR

Express

$4.23 /

-0.3 (-6.62%)

Meetings to be held in…

Meetings to be held in Texas on February 12-13 hosted by MKM Partners.

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Recommendations
Express price target raised to $4.50 from $4 at B. Riley FBR » 09:15
01/27/20
01/27
09:15
01/27/20
09:15
EXPR

Express

$4.82 /

-0.23 (-4.55%)

B. Riley FBR analyst…

B. Riley FBR analyst Susan Anderson raised her price target for Express to $4.50 from $4 after hosting meetings with management and keeps a Neutral rating on the shares. The analyst believes the company has the right strategy in place to start to improve performance.

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Over a month ago
Recommendations
Wedbush 'incrementally positive' on Express following strategic update » 14:51
01/22/20
01/22
14:51
01/22/20
14:51
EXPR

Express

$4.96 /

+0.81 (+19.52%)

Wedbush analyst Jen…

Wedbush analyst Jen Redding notes that shares of Express gained double digits as the company announced the levers behind returning the business to +MSD operating margin at its strategic update with investors and analysts in New York City. The analyst adds that Express also narrowed guidance for Q4 EPS. Sending shares higher was commentary that the new styles and product that Express was able to purchase this quarter saw "phenomenal" customer response almost selling out entirely, Redding points out. The analyst has confidence in CEO Timothy Baxter and comes away from the strategic update "incrementally positive" on the long-term value story. Nonetheless, she remains on the sidelines for now awaiting further success with product and continued same-store sales momentum. Redding has a Neutral rating and $5 price target on the shares.

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Hot Stocks
Express rises 17.5% » 12:00
01/22/20
01/22
12:00
01/22/20
12:00
EXPR

Express

$4.88 /

+0.73 (+17.59%)

Express is up 17.5%, or…

Express is up 17.5%, or 72c to $4.88.

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Hot Stocks
Express rises 25.3% » 10:00
01/22/20
01/22
10:00
01/22/20
10:00
EXPR

Express

$5.20 /

+1.05 (+25.30%)

Express is up 25.3%, or…

Express is up 25.3%, or $1.05 to $5.20.

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Conference/Events
Express to hold an investor event » 07:55
01/22/20
01/22
07:55
01/22/20
07:55
EXPR

Express

$4.15 /

-0.435 (-9.49%)

Investor Event to provide…

Investor Event to provide a strategic update on the Company's 4Q19 based on its performance during the 2019 holiday season will be held at the New York Stock Exchange on January 22 at 8 am. Webcast Link

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Hot Stocks
Express expects to save $80M in annualized cost reductions over next 3 years » 06:51
01/22/20
01/22
06:51
01/22/20
06:51
EXPR

Express

$4.15 /

-0.435 (-9.49%)

Express has identified…

Express has identified $80M in annualized cost reduction opportunities expected to be realized over the next three years. Of this, $25M will be driven by process improvements, inventory optimization and systems implementations associated with its go-to-market transformation. The other $55M of expense reductions will be driven mainly by the previously announced workforce restructuring. These savings are incremental to the $50M dollars in savings announced in 2016. The company expects to close approximately 100 stores by 2022. This includes nine stores that have already closed in 2019, 31 by the end of January 2020, and an additional 35 by the end of January 2021. The company expects the net impact to sales to be a reduction of $90M by 2022. This reduction is offset by the elimination of the fixed operating costs of the closed stores and leveraging the remaining stores' and online infrastructure for additional sales, which it expects to result in a $15M annualized increase in EBITDA by 2022. The company has a long-term goal to increase free cash flow from approximately $50M in 2019 to $90M-$110M by 2022. It expects to achieve this goal by increasing operating cash flow by $60M to $80M, driven by growth in net income and improved working capital. Over the next three years, the company expects to spend $50M/$60M in capital expenditures each year to fund technology investments, ongoing maintenance of technology platforms, enhance customer facing e-commerce capabilities, and refresh stores to ensure consistent representation of the brand across the entire fleet.

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Earnings
Express narrows Q4 adjusted EPS view to 17c-19c, consensus 19c » 06:48
01/22/20
01/22
06:48
01/22/20
06:48
EXPR

Express

$4.15 /

-0.435 (-9.49%)

Comparable sales are…

Comparable sales are currently expected to be approximately -3%. Expects to have approximately $200M in cash on hand by the end of FY19.

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