Acadian Asset Management LLC bought a new position in Express, Inc. (NYSE:EXPR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 287,025 shares of the company’s stock, valued at approximately $3,174,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of EXPR. Wells Fargo & Company MN grew its holdings in Express by 13.5% during the 1st quarter. Wells Fargo & Company MN now owns 132,292 shares of the company’s stock valued at $947,000 after purchasing an additional 15,767 shares during the last quarter. Legal & General Group Plc grew its stake in Express by 19.4% in the 1st quarter. Legal & General Group Plc now owns 250,020 shares of the company’s stock worth $1,795,000 after acquiring an additional 40,593 shares in the last quarter. Royal Bank of Canada grew its stake in Express by 1.7% in the 1st quarter. Royal Bank of Canada now owns 363,748 shares of the company’s stock worth $2,604,000 after acquiring an additional 6,082 shares in the last quarter. Principal Financial Group Inc. grew its stake in Express by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 614,787 shares of the company’s stock worth $4,402,000 after acquiring an additional 14,244 shares in the last quarter. Finally, Clinton Group Inc. bought a new position in Express in the 2nd quarter worth about $118,000.
Shares of EXPR stock opened at $9.20 on Friday. The stock has a market capitalization of $698.59 million, a price-to-earnings ratio of 25.56 and a beta of 1.09. Express, Inc. has a one year low of $6.17 and a one year high of $11.69.
Express (NYSE:EXPR) last issued its earnings results on Wednesday, August 29th. The company reported $0.03 EPS for the quarter. The business had revenue of $493.60 million for the quarter, compared to the consensus estimate of $482.37 million. Express had a net margin of 1.78% and a return on equity of 5.64%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. On average, sell-side analysts anticipate that Express, Inc. will post 0.47 earnings per share for the current fiscal year.
Separately, B. Riley upped their target price on shares of Express from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. Six research analysts have rated the stock with a hold rating, Express presently has an average rating of “Hold” and an average target price of $9.40.
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Express Company Profile
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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