Public Employees Retirement System of Ohio Boosts Stake in Express, Inc. (EXPR)
Public Employees Retirement System of Ohio raised its position in Express, Inc. (NYSE:EXPR) by 21.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,017 shares of the company’s stock after buying an additional 2,795 shares during the period. Public Employees Retirement System of Ohio’s holdings in Express were worth $146,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in EXPR. OppenheimerFunds Inc. boosted its position in shares of Express by 42.9% in the first quarter. OppenheimerFunds Inc. now owns 179,539 shares of the company’s stock worth $1,636,000 after buying an additional 53,922 shares during the last quarter. FMR LLC boosted its position in shares of Express by 813.4% in the fourth quarter. FMR LLC now owns 276,468 shares of the company’s stock worth $2,975,000 after buying an additional 246,200 shares during the last quarter. Princeton Alpha Management LP acquired a new position in shares of Express during the first quarter worth about $231,000. Karp Capital Management Corp acquired a new position in shares of Express during the first quarter worth about $132,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Express during the fourth quarter worth about $178,000. Institutional investors own 96.46% of the company’s stock.
Express, Inc. (EXPR) traded up 1.95% during midday trading on Friday, reaching $6.28. 1,882,694 shares of the company were exchanged. The firm’s 50-day moving average price is $6.31 and its 200 day moving average price is $8.30. The stock has a market capitalization of $492.63 million, a price-to-earnings ratio of 12.31 and a beta of 1.44. Express, Inc. has a 52-week low of $5.84 and a 52-week high of $16.38.
Express (NYSE:EXPR) last posted its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.05. Express had a net margin of 1.85% and a return on equity of 5.83%. The business had revenue of $467.03 million during the quarter, compared to the consensus estimate of $468 million. During the same period in the prior year, the company posted $0.25 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Equities analysts predict that Express, Inc. will post $0.42 earnings per share for the current year.
A number of equities analysts have issued reports on EXPR shares. TheStreet cut shares of Express from a “c” rating to a “d+” rating in a research report on Thursday, June 1st. Zacks Investment Research cut shares of Express from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Deutsche Bank AG lifted their price target on shares of Express from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, May 31st. MKM Partners reiterated a “neutral” rating on shares of Express in a report on Tuesday, April 18th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $7.00 price target on shares of Express in a report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price 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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