Livforsakringsbolaget Skandia Omsesidigt Maintains Stake in Express, Inc. (EXPR)
Livforsakringsbolaget Skandia Omsesidigt maintained its position in Express, Inc. (NYSE:EXPR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,200 shares of the company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.06% of Express worth $298,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its stake in Express by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the company’s stock worth $291,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System raised its stake in Express by 1.2% in the first quarter. Arizona State Retirement System now owns 40,900 shares of the company’s stock worth $373,000 after buying an additional 500 shares in the last quarter. Mason Street Advisors LLC raised its stake in Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock worth $167,000 after buying an additional 1,202 shares in the last quarter. Premier Fund Managers Ltd raised its stake in Express by 0.9% in the first quarter. Premier Fund Managers Ltd now owns 155,778 shares of the company’s stock worth $1,450,000 after buying an additional 1,428 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Express by 2.8% in the first quarter. BNP Paribas Arbitrage SA now owns 52,308 shares of the company’s stock worth $477,000 after buying an additional 1,433 shares in the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.
Express, Inc. (NYSE EXPR) opened at 6.33 on Friday. Express, Inc. has a 52-week low of $5.96 and a 52-week high of $16.38. The firm has a market capitalization of $496.56 million, a P/E ratio of 12.41 and a beta of 1.46. The company has a 50 day moving average price of $7.15 and a 200 day moving average price of $9.29.
Express (NYSE:EXPR) last posted its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $467.03 million during the quarter, compared to analyst estimates of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. On average, equities analysts forecast that Express, Inc. will post $0.43 EPS for the current fiscal year.
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A number of research firms have weighed in on EXPR. UBS AG restated a “sell” rating and set a $6.00 target price (down previously from $8.00) on shares of Express in a report on Friday, June 2nd. BidaskClub lowered Express from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. BMO Capital Markets set a $7.00 target price on Express and gave the stock a “hold” rating in a report on Thursday, July 6th. MKM Partners restated a “neutral” rating and set a $7.00 target price (down previously from $10.00) on shares of Express in a report on Friday, June 2nd. Finally, Morgan Stanley upped their target price on Express from $7.50 to $10.50 and gave the stock an “equal weight” rating in a report on Wednesday, June 14th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $10.63.
Express Company Profile
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.
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