Wells Fargo & Company MN lifted its position in Express, Inc. (NYSE:EXPR) by 25.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,525 shares of the company’s stock after buying an additional 23,550 shares during the period. Wells Fargo & Company MN owned about 0.15% of Express worth $1,182,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alambic Investment Management L.P. bought a new stake in shares of Express in the 4th quarter valued at $147,000. Acadian Asset Management LLC bought a new stake in shares of Express in the 4th quarter valued at $228,000. Unison Advisors LLC bought a new stake in shares of Express in the 4th quarter valued at $238,000. Teacher Retirement System of Texas bought a new stake in shares of Express in the 4th quarter valued at $262,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Express in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 99.08% of the company’s stock.
A number of research firms recently commented on EXPR. Zacks Investment Research cut shares of Express from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. SunTrust Banks lowered their price objective on shares of Express to $8.00 and set a “hold” rating for the company in a research report on Wednesday, January 10th. Finally, ValuEngine cut shares of Express from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.75.
Express (NYSE:EXPR) last announced its earnings results on Wednesday, March 14th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The firm had revenue of $693.80 million during the quarter, compared to analyst estimates of $686.82 million. Express had a net margin of 0.91% and a return on equity of 4.45%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. analysts predict that Express, Inc. will post 0.41 earnings per share for the current year.
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Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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