Pacad Investment Ltd. trimmed its stake in Express, Inc. (NYSE:EXPR) by 28.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,100 shares of the company’s stock after selling 18,151 shares during the period. Pacad Investment Ltd. owned 0.06% of Express worth $311,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of EXPR. BlackRock Inc. lifted its position in shares of Express by 51,884.8% in the 1st quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock worth $91,425,000 after purchasing an additional 10,016,363 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Express by 51.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,990,319 shares of the company’s stock worth $13,435,000 after purchasing an additional 673,630 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Express by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock worth $60,149,000 after purchasing an additional 501,305 shares during the period. Vanguard Group Inc. lifted its position in shares of Express by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock worth $65,997,000 after purchasing an additional 440,448 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of Express by 59.4% in the 1st quarter. Nuveen Asset Management LLC now owns 924,959 shares of the company’s stock worth $8,426,000 after purchasing an additional 344,583 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Express, Inc. (NYSE EXPR) opened at 6.12 on Friday. Express, Inc. has a 1-year low of $5.28 and a 1-year high of $14.39. The company has a market capitalization of $482.17 million, a price-to-earnings ratio of 26.61 and a beta of 1.44. The firm’s 50-day moving average is $6.17 and its 200-day moving average is $7.67.
Express (NYSE:EXPR) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $478.50 million during the quarter, compared to analyst estimates of $474.11 million. Express had a net margin of 0.85% and a return on equity of 4.25%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. Analysts forecast that Express, Inc. will post $0.44 earnings per share for the current fiscal year.
EXPR has been the subject of several research reports. BidaskClub upgraded shares of Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet lowered shares of Express from a “c” rating to a “d+” rating in a research note on Thursday, June 1st. Deutsche Bank AG increased their price target on shares of Express from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Wednesday, May 31st. BMO Capital Markets set a $7.00 price target on shares of Express and gave the stock a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research lowered shares of Express from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Express presently has a consensus rating of “Hold” and an average price target of $9.25.
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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