Ameriprise Financial Inc. increased its position in shares of Express, Inc. (NYSE:EXPR) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 591,208 shares of the company’s stock after buying an additional 25,422 shares during the quarter. Ameriprise Financial Inc. owned about 0.75% of Express worth $3,992,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of EXPR. State of Alaska Department of Revenue grew its holdings in shares of Express by 77.6% in 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 shares of Express in the second quarter valued at approximately $119,000. Municipal Employees Retirement System of Michigan grew its holdings in shares of Express by 3.5% in 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 $131,000. Finally, Karp Capital Management Corp bought a new position in Express during the first quarter valued at $132,000. 99.77% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. BMO Capital Markets set a $7.00 price objective on Express and gave the stock a “hold” rating in a research report on Tuesday, August 8th. BidaskClub upgraded Express from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Express from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. FBR & Co reiterated a “hold” rating and issued a $7.00 price objective on shares of Express in a report on Friday, September 29th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $6.00 price objective on shares of Express in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $8.20.
Shares of Express, Inc. (NYSE EXPR) traded up $0.30 during midday trading on Friday, reaching $7.08. 1,731,800 shares of the company were exchanged, compared to its average volume of 2,324,589. Express, Inc. has a 52 week low of $5.28 and a 52 week high of $14.39. The stock has a market cap of $582.61, a price-to-earnings ratio of 19.94 and a beta of 1.33.
Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company 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 firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. equities research analysts anticipate that Express, Inc. will post 0.45 EPS for the current year.
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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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