Arizona State Retirement System Sells 14,729 Shares of Express, Inc. (EXPR)
Arizona State Retirement System lowered its stake in Express, Inc. (NYSE:EXPR) by 11.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 109,618 shares of the company’s stock after selling 14,729 shares during the quarter. Arizona State Retirement System’s holdings in Express were worth $1,003,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of EXPR. Granite Investment Partners LLC purchased a new stake in shares of Express in the 2nd quarter worth approximately $12,679,000. Harvest Capital Strategies LLC grew its stake in shares of Express by 20.0% in the 1st quarter. Harvest Capital Strategies LLC now owns 3,060,280 shares of the company’s stock worth $21,912,000 after buying an additional 510,280 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Express by 10.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,172,692 shares of the company’s stock worth $38,179,000 after buying an additional 403,825 shares during the last quarter. Spark Investment Management LLC grew its stake in shares of Express by 340.6% in the 1st quarter. Spark Investment Management LLC now owns 440,600 shares of the company’s stock worth $3,154,000 after buying an additional 340,600 shares during the last quarter. Finally, Mackay Shields LLC purchased a new stake in shares of Express in the 1st quarter worth approximately $2,184,000.
Several analysts recently weighed in on EXPR shares. ValuEngine upgraded Express from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Zacks Investment Research upgraded Express from a “strong sell” rating to a “hold” rating in a research note on Monday, May 21st. B. Riley upped their price target on Express from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. Finally, SunTrust Banks upped their price target on Express from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Thursday, July 12th. Eight analysts have rated the stock with a hold rating, Express presently has a consensus rating of “Hold” and a consensus price target of $9.00.
Express (NYSE:EXPR) last released its quarterly earnings data on Wednesday, August 29th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $493.60 million for the quarter, compared to analysts’ expectations of $482.37 million. Express had a return on equity of 5.64% and a net margin of 1.78%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. equities analysts anticipate that Express, Inc. will post 0.46 earnings per share for the current fiscal year.
In other news, EVP James A. Hilt sold 11,000 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $9.41, for a total transaction of $103,510.00. Following the transaction, the executive vice president now directly owns 102,557 shares of the company’s stock, valued at approximately $965,061.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.20% of the company’s stock.
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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