BNP Paribas Arbitrage SA trimmed its holdings in Express, Inc. (NYSE:EXPR) by 84.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,256 shares of the company’s stock after selling 329,204 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.08% of Express worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of EXPR. Nomura Holdings Inc. purchased a new stake in Express during the 2nd quarter valued at about $33,597,000. Renaissance Technologies LLC grew its position in Express by 478.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,879,300 shares of the company’s stock valued at $12,685,000 after purchasing an additional 1,554,200 shares during the last quarter. Neuberger Berman Group LLC grew its position in Express by 51.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,990,319 shares of the company’s stock valued at $13,435,000 after purchasing an additional 673,630 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new stake in Express during the 3rd quarter valued at about $4,414,000. Finally, SG Americas Securities LLC purchased a new stake in Express during the 2nd quarter valued at about $1,995,000. Institutional investors own 99.82% of the company’s stock.
A number of analysts have recently issued reports on EXPR shares. Zacks Investment Research raised shares of Express from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Tuesday, October 24th. TheStreet raised shares of Express from a “d+” rating to a “c-” rating in a report on Thursday, November 16th. BidaskClub raised shares of Express from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $7.00 price target on shares of Express in a report on Wednesday, September 13th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $6.00 price target on shares of Express in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $9.13.
Express, Inc. (NYSE:EXPR) opened at $11.22 on Monday. Express, Inc. has a one year low of $5.28 and a one year high of $12.40. The firm has a market cap of $884.23, a P/E ratio of 36.19 and a beta of 1.55.
Express (NYSE:EXPR) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Express had a net margin of 0.60% and a return on equity of 3.85%. The firm had revenue of $498.70 million for the quarter, compared to analysts’ expectations of $487.38 million. During the same quarter in the prior year, the business earned $0.15 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. equities analysts expect that Express, Inc. will post 0.47 earnings per share for the current year.
Express announced that its board has approved a share repurchase program on Thursday, November 30th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
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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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