BlackRock Inc. Acquires 370,011 Shares of Express, Inc. (EXPR)
BlackRock Inc. grew its holdings in shares of Express, Inc. (NYSE:EXPR) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,276,912 shares of the company’s stock after buying an additional 370,011 shares during the quarter. BlackRock Inc. owned 13.79% of Express worth $94,034,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in EXPR. Granite Investment Partners LLC purchased a new stake in shares of Express during the 2nd quarter valued at about $12,679,000. Contrarius Investment Management Ltd raised its position in shares of Express by 15.3% during the 2nd quarter. Contrarius Investment Management Ltd now owns 6,773,637 shares of the company’s stock valued at $61,979,000 after buying an additional 897,275 shares in the last quarter. Spark Investment Management LLC raised its position in shares of Express by 150.1% during the 2nd quarter. Spark Investment Management LLC now owns 1,102,000 shares of the company’s stock valued at $10,083,000 after buying an additional 661,400 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Express by 83.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,196,300 shares of the company’s stock worth $10,946,000 after purchasing an additional 543,100 shares during the period. Finally, Harvest Capital Strategies LLC raised its position in 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 purchasing an additional 510,280 shares during the period.
Express stock opened at $9.66 on Friday. Express, Inc. has a 1-year low of $5.82 and a 1-year high of $11.69. The stock has a market capitalization of $811.59 million, a P/E ratio of 26.83 and a beta of 0.86.
A number of analysts recently weighed in on EXPR shares. SunTrust Banks increased their price objective on shares of Express from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Thursday, July 12th. B. Riley increased their price objective on shares of Express from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Seven research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $9.40.
Express Company Profile
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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