Dimensional Fund Advisors LP Reduces Position in Express, Inc. (NYSE:EXPR)

Dimensional Fund Advisors LP lowered its position in shares of Express, Inc. (NYSE:EXPR) by 19.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,328,056 shares of the company’s stock after selling 1,288,355 shares during the quarter. Dimensional Fund Advisors LP owned about 6.76% of Express worth $36,018,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in shares of Express by 4.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 591,208 shares of the company’s stock worth $3,992,000 after purchasing an additional 25,422 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of Express during the 3rd quarter worth about $1,055,000. Nomura Holdings Inc. purchased a new stake in shares of Express during the 2nd quarter worth about $33,597,000. California Public Employees Retirement System grew its holdings in shares of Express by 13.9% during the 2nd quarter. California Public Employees Retirement System now owns 396,300 shares of the company’s stock worth $2,675,000 after purchasing an additional 48,500 shares during the period. Finally, QS Investors LLC grew its holdings in shares of Express by 48.1% during the 2nd quarter. QS Investors LLC now owns 473,086 shares of the company’s stock worth $3,193,000 after purchasing an additional 153,676 shares during the period. Institutional investors and hedge funds own 99.08% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Express from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Monday, December 4th. SunTrust Banks set a $10.00 price target on Express and gave the stock a “hold” rating in a research report on Friday, December 1st. BMO Capital Markets set a $10.00 price target on Express and gave the stock a “hold” rating in a research report on Friday, December 1st. B. Riley boosted their price target on Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Finally, TheStreet raised Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. Express currently has a consensus rating of “Hold” and an average target price of $8.88.

Express, Inc. (NYSE EXPR) opened at $7.45 on Friday. Express, Inc. has a 52-week low of $5.28 and a 52-week high of $11.69. The stock has a market capitalization of $587.12, a P/E ratio of 24.03 and a beta of 1.55.

Express (NYSE:EXPR) last announced its earnings results on Thursday, November 30th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. Express had a return on equity of 3.85% and a net margin of 0.60%. The company had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. During the same period in the prior year, the company posted $0.15 EPS. Express’s quarterly revenue was down 1.5% on a year-over-year basis. research analysts predict that Express, Inc. will post 0.34 EPS for the current year.

Express declared that its Board of Directors has initiated a share buyback plan on Thursday, November 30th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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Express Company 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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