Swiss National Bank Acquires 17,000 Shares of Express, Inc. (EXPR)
Swiss National Bank lifted its holdings in shares of Express, Inc. (NYSE:EXPR) by 15.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 130,700 shares of the company’s stock after purchasing an additional 17,000 shares during the period. Swiss National Bank owned about 0.17% of Express worth $882,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in EXPR. Comerica Bank grew its holdings in shares of Express by 3.8% during the 1st quarter. Comerica Bank now owns 86,484 shares of the company’s stock valued at $763,000 after purchasing an additional 3,157 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Express by 121.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 48,670 shares of the company’s stock valued at $443,000 after purchasing an additional 26,677 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Express during the 1st quarter valued at $132,000. Mason Street Advisors LLC grew its holdings in shares of Express by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock valued at $167,000 after purchasing an additional 1,202 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Express by 5.8% during the 1st quarter. JPMorgan Chase & Co. now owns 475,893 shares of the company’s stock valued at $4,336,000 after purchasing an additional 25,995 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.
Shares of Express, Inc. (EXPR) opened at 6.34 on Thursday. The stock has a market cap of $499.50 million, a PE ratio of 27.57 and a beta of 1.47. The firm’s 50-day moving average is $6.53 and its 200 day moving average is $6.99. Express, Inc. has a 12 month low of $5.28 and a 12 month high of $14.39.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. Express had a net margin of 0.85% and a return on equity of 4.25%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. On average, equities analysts predict that Express, Inc. will post $0.43 EPS for the current year.
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EXPR has been the topic of several recent research reports. BMO Capital Markets set a $7.00 target price on shares of Express and gave the company a “hold” rating in a report on Thursday, July 6th. BidaskClub lowered shares of Express from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. FBR & Co reaffirmed a “hold” rating and set a $7.00 target price on shares of Express in a report on Friday, September 29th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $6.00 target price on shares of Express in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $8.25.
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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