Louisiana State Employees Retirement System held its position in Express, Inc. (NYSE:EXPR) during the second quarter, according to its most recent filing with the SEC. The firm owned 31,900 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Express were worth $215,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of EXPR. Adams Asset Advisors LLC boosted its stake in Express by 18.8% in the second quarter. Adams Asset Advisors LLC now owns 135,273 shares of the company’s stock worth $913,000 after buying an additional 21,428 shares during the period. State of Alaska Department of Revenue boosted its stake in Express by 77.6% in the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after buying an additional 6,711 shares during the period. Fox Run Management L.L.C. purchased a new stake in Express during the second quarter worth approximately $119,000. Nuveen Asset Management LLC boosted its stake in Express by 59.4% in the first quarter. Nuveen Asset Management LLC now owns 924,959 shares of the company’s stock worth $8,426,000 after buying an additional 344,583 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in Express by 21.1% in the first quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock worth $146,000 after buying an additional 2,795 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.
Shares of Express, Inc. (NYSE EXPR) traded down 0.52% during mid-day trading on Friday, reaching $5.70. The company’s stock had a trading volume of 1,885,270 shares. Express, Inc. has a 12-month low of $5.51 and a 12-month high of $16.38. The firm’s 50-day moving average price is $6.19 and its 200 day moving average price is $8.13. The firm has a market cap of $447.14 million, a P/E ratio of 11.18 and a beta of 1.44.
Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. The company had revenue of $467.03 million for the quarter, compared to analysts’ expectations of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. On average, analysts expect that Express, Inc. will post $0.42 EPS for the current year.
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A number of analysts recently commented on the company. UBS AG reiterated a “sell” rating and set a $6.00 price objective (down previously from $8.00) on shares of Express in a research report on Friday, June 2nd. BidaskClub upgraded Express from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. BMO Capital Markets set a $7.00 price objective on Express and gave the company a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Express from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, MKM Partners reiterated a “neutral” rating and set a $7.00 price objective (down previously from $10.00) on shares of Express in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.77.
About Express
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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