Crossmark Global Holdings Inc. Buys 12,053 Shares of Express, Inc. (EXPR)

Crossmark Global Holdings Inc. boosted its stake in Express, Inc. (NYSE:EXPR) by 39.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,596 shares of the company’s stock after purchasing an additional 12,053 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.05% of Express worth $432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPR. Piedmont Investment Advisors LLC acquired a new stake in Express in the 2nd quarter valued at $114,000. Public Employees Retirement System of Ohio increased its holdings in Express by 29.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after purchasing an additional 4,722 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in Express in the 4th quarter valued at $147,000. Virtu KCG Holdings LLC acquired a new stake in Express in the 2nd quarter valued at $177,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Express by 59.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 29,420 shares of the company’s stock valued at $199,000 after purchasing an additional 10,930 shares in the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Shares of Express, Inc. (NYSE:EXPR) opened at $7.21 on Friday. The firm has a market capitalization of $553.23, a PE ratio of 45.07 and a beta of 1.03. Express, Inc. has a 52 week low of $5.28 and a 52 week high of $11.50.

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

Express declared that its Board of Directors has approved a stock repurchase program on Thursday, November 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

EXPR has been the subject of several recent research reports. Zacks Investment Research downgraded Express from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. B. Riley reiterated a “neutral” rating on shares of Express in a report on Wednesday, November 1st. SunTrust Banks set a $10.00 price target on Express and gave the company a “hold” rating in a report on Friday, December 1st. TheStreet upgraded Express from a “d+” rating to a “c-” rating in a report on Thursday, November 16th. Finally, BMO Capital Markets set a $10.00 price target on Express and gave the company a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $8.88.

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Express 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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