Quantitative Systematic Strategies LLC Decreases Position in Express, Inc. (EXPR)

Quantitative Systematic Strategies LLC decreased its stake in Express, Inc. (NYSE:EXPR) by 88.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,437 shares of the company’s stock after selling 181,515 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Express were worth $248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Express during the second quarter valued at approximately $114,000. Public Employees Retirement System of Ohio increased its holdings in shares of Express by 29.5% in the second quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after purchasing an additional 4,722 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Express in the second quarter valued at approximately $148,000. Acadian Asset Management LLC acquired a new stake in shares of Express in the fourth quarter valued at approximately $228,000. Finally, Unison Advisors LLC acquired a new stake in shares of Express in the fourth quarter valued at approximately $238,000. Hedge funds and other institutional investors own 98.40% of the company’s stock.

Shares of Express, Inc. (EXPR) remained flat at $$7.11 on Friday. 1,262,425 shares of the company were exchanged, compared to its average volume of 1,861,099. Express, Inc. has a twelve month low of $5.28 and a twelve month high of $11.68. The company has a market cap of $560.33, a PE ratio of 44.44 and a beta of 1.03.

Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Express had a return on equity of 3.85% and a net margin of 0.60%. The business had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. During the same quarter in the previous year, the company earned $0.15 EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. equities analysts expect that Express, Inc. will post 0.34 EPS for the current fiscal year.

Express announced that its board has initiated a share repurchase plan on Thursday, November 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Several equities research analysts have issued reports on the company. Zacks Investment Research cut Express from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. SunTrust Banks lowered their price target on Express to $8.00 and set a “hold” rating for the company in a research report on Wednesday, January 10th. BMO Capital Markets set a $10.00 target price on Express and gave the company a “hold” rating in a report on Friday, December 1st. B. Riley lifted their target price on Express from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, November 30th. Finally, TheStreet upgraded Express from a “d+” rating to a “c-” rating in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.88.

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Express 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.

Institutional Ownership by Quarter for Express (NYSE:EXPR)

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