Prudential Financial Inc. lessened its holdings in shares of Express, Inc. (NYSE:EXPR) by 73.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 892,461 shares of the company’s stock after selling 2,411,693 shares during the quarter. Prudential Financial Inc. owned approximately 1.13% of Express worth $6,024,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue raised its position in Express by 77.6% during the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock valued at $103,000 after acquiring an additional 6,711 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Express during the second quarter valued at approximately $119,000. Municipal Employees Retirement System of Michigan raised its position in Express by 3.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock valued at $125,000 after acquiring an additional 620 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in Express during the first quarter valued at approximately $131,000. Finally, Karp Capital Management Corp bought a new position in Express during the first quarter valued at approximately $132,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.
EXPR has been the topic of several recent research reports. UBS AG reaffirmed 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. BMO Capital Markets set a $7.00 price objective on shares of Express and gave the company a “hold” rating in a research report on Tuesday, August 8th. Wolfe Research raised their price objective on shares of Express from $6.00 to $10.00 and gave the company a “peer perform” rating in a research report on Friday, June 2nd. MKM Partners reaffirmed 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. Finally, Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.25.
ILLEGAL ACTIVITY WARNING: This piece of content was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/09/17/prudential-financial-inc-sells-2411693-shares-of-express-inc-expr.html.
Express, Inc. (NYSE EXPR) opened at 6.61 on Friday. The firm’s 50-day moving average price is $6.23 and its 200 day moving average price is $7.50. The firm has a market cap of $520.78 million, a P/E ratio of 28.74 and a beta of 1.44. Express, Inc. has a one year low of $5.28 and a one year high of $14.39.
Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Express had a return on equity of 4.25% and a net margin of 0.85%. The company had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Express, Inc. will post $0.44 EPS for the current 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.
Want to see what other hedge funds are holding EXPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Express, Inc. (NYSE:EXPR).
Receive News & Ratings for Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express Inc. and related companies with MarketBeat.com's FREE daily email newsletter.