Express, Inc. (EXPR) Has Turned the Corner, Aims Higher

Details are still slim, as the initiative is nascent, but Express management seems to be quite excited judging by the recent conference call.

Compared to the company from which it spun out, L Brands, Express, Inc. (NYSE:EXPR) is trading more attractively, at just more than 12 times forward earnings. L Brands is closer to 15 times earnings, and while it’s experiencing growth from its outlets (the company recently opened four more outlet stores), it might not offer investors the same upside potential at this point.

Express, Inc. (NYSE:EXPR) management seems to have learned its lesson from 2012 and is taking a much more cautious, yet optimistic, approach to the remainder of 2013 and beyond. New store openings are conservative, with the bulk of the effort on e-commerce and outlets, as mentioned.

For a mid-turnaround retail stock that has clearly left its worst days behind, investors may want to take a closer look at their teenage daughter’s jean maker, Express, Inc. (NYSE:EXPR).

The article Express Has Turned the Corner, Aims Higher originally appeared on Fool.com.

Fool contributor Michael Lewis has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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