Penn Capital Management Co. Inc. cut its position in Express, Inc. (NYSE:EXPR) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417,099 shares of the company’s stock after selling 219,390 shares during the period. Penn Capital Management Co. Inc.’s holdings in Express were worth $4,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Alambic Investment Management L.P. purchased a new position in Express during the fourth quarter worth approximately $147,000. Piedmont Investment Advisors LLC purchased a new position in Express during the second quarter worth approximately $114,000. Public Employees Retirement System of Ohio lifted its position in Express by 29.5% during the second quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after buying an additional 4,722 shares in the last quarter. Gotham Asset Management LLC purchased a new position in Express during the second quarter worth approximately $148,000. Finally, Acadian Asset Management LLC purchased a new position in Express during the fourth quarter worth approximately $228,000. 99.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Express, Inc. (NYSE:EXPR) opened at $7.11 on Monday. Express, Inc. has a 1 year low of $5.28 and a 1 year high of $11.68. The company has a market capitalization of $560.33, a price-to-earnings ratio of 22.93 and a beta of 1.03.
Express (NYSE:EXPR) last posted its earnings results on Thursday, November 30th. The company reported $0.08 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 the consensus estimate of $487.38 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. analysts forecast that Express, Inc. will post 0.34 earnings per share for the current fiscal year.
Express announced that its board has initiated a stock buyback plan on Thursday, November 30th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
A number of brokerages recently commented on EXPR. B. Riley reiterated a “neutral” rating on shares of Express in a research report on Wednesday, November 1st. SunTrust Banks reduced their price objective on Express to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, January 10th. Zacks Investment Research upgraded Express from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Monday, December 4th. BidaskClub upgraded Express from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, TheStreet upgraded Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Express presently has an average rating of “Hold” and an average target price of $8.88.
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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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