New York State Common Retirement Fund Trims Stake in Express, Inc. (EXPR)
New York State Common Retirement Fund cut its holdings in Express, Inc. (NYSE:EXPR) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,800 shares of the company’s stock after selling 1 shares during the period. New York State Common Retirement Fund owned about 0.10% of Express worth $525,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in shares of Express by 4.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 591,208 shares of the company’s stock worth $3,992,000 after buying an additional 25,422 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Express by 646.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 390,460 shares of the company’s stock valued at $2,636,000 after purchasing an additional 338,152 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in Express by 51.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,990,319 shares of the company’s stock valued at $13,435,000 after purchasing an additional 673,630 shares during the last quarter. Airain ltd bought a new position in Express during the 2nd quarter valued at about $1,544,000. Finally, Strs Ohio grew its holdings in Express by 55.6% during the 2nd quarter. Strs Ohio now owns 110,200 shares of the company’s stock valued at $743,000 after purchasing an additional 39,400 shares during the last quarter. Hedge funds and other institutional investors own 99.14% of the company’s stock.
Several brokerages recently commented on EXPR. B. Riley reiterated a “neutral” rating on shares of Express in a report on Wednesday, November 1st. BidaskClub upgraded shares of Express from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research cut shares of Express from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BMO Capital Markets reissued a “hold” rating and issued a $7.00 price objective on shares of Express in a research report on Thursday, November 2nd. Finally, FBR & Co reissued a “hold” rating and issued a $7.00 price objective on shares of Express in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $8.20.
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Shares of Express, Inc. (EXPR) opened at $7.08 on Monday. Express, Inc. has a 52-week low of $5.28 and a 52-week high of $14.39. The company has a market cap of $557.92, a P/E ratio of 20.82 and a beta of 1.33.
Express (NYSE:EXPR) last posted its earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Express had a net margin of 0.85% and a return on equity of 4.25%. The company had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $474.11 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Express’s revenue for the quarter was down 5.2% compared to the same quarter last year. analysts anticipate that Express, Inc. will post 0.45 earnings per share for the current fiscal year.
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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