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Resist The Urge To Chase Potential Gains At Express Specialty retailer Express http://www.valentinosneakers.com/ posted betterthanexpected profitability in its latest fiscal quarter, a performance that seemed to give the company's proponents some ammunition to push its stock price higher.

That being said, Express posted an operating profit decline during the period, hurt by yearoveryear compression in both its selling and operating margins.

With a current P/E multiple of approximately 21, the company's market valuation seems to more than account for its nearterm valentino sneakers on sale profit growth prospects and investors should avoid chasing it.

Despite some volatility valentino sneakers on the way there, shares of specialty retailer Express (NASDAQ: EXPR) have managed to push their way to higher ground over the past year, up more than 10%. The company has been aided by generally betterthanexpected profitability in recent quarters, due in part to a lessened use of storewide promotions as an enticement to drive customer purchasing behavior. On the downside, though, Express has continued to struggle with fairly weak overall sales momentum, evidenced by a 2% comparable store sales decline in its latest fiscal quarter, a trend that has made profit growth a difficult goal to achieve. However, with management seemingly optimistic about future profit growth, is it time to buy into the story?

What's the value?Express is a sizable player in the specialty retail space, operating a network of more than 600 stores that cater to a young adult target demographic with an assortment of fashionable apparel and accessories offerings. The company has anecdotally spent the past five years struggling against a backdrop of weak customer traffic volumes and greater price sensitivity among its shoppers, which has helped to apply downward pressure to its product pricing schemes and related selling margin. The net result for Express was a decrease in its operating income during that time period, leading to an ongoing restructuring program that is focused on pruning underperforming stores from its network.