Bank of Montreal Can purchased a new stake in Express Inc. (NYSE:EXPR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 903,852 shares of the company’s stock, valued at approximately $13,115,000.
Several other hedge funds and other institutional investors have also modified their holdings of EXPR. Meeder Asset Management Inc. purchased a new stake in Express during the first quarter worth $173,000. BlackRock Inc. raised its stake in Express by 39.8% in the first quarter. BlackRock Inc. now owns 10,897 shares of the company’s stock worth $233,000 after buying an additional 3,103 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Express during the first quarter worth $287,000. Aperio Group LLC purchased a new stake in Express during the first quarter worth $300,000. Finally, Bayesian Capital Management LP purchased a new stake in Express during the first quarter worth $313,000. Institutional investors own 99.31% of the company’s stock.
Shares of Express Inc. (NYSE:EXPR) traded up 1.20% during trading on Friday, reaching $11.79. 1,612,995 shares of the company’s stock traded hands. The stock has a market cap of $929.02 million, a P/E ratio of 9.12 and a beta of 1.33. The company has a 50 day moving average price of $12.70 and a 200-day moving average price of $15.67. Express Inc. has a one year low of $11.28 and a one year high of $21.57.
Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, August 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Express had a net margin of 4.55% and a return on equity of 18.62%. The company had revenue of $504.80 million for the quarter, compared to analyst estimates of $520.81 million. During the same quarter last year, the company earned $0.25 EPS. The business’s revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts expect that Express Inc. will post $1.05 EPS for the current fiscal year.
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Express from a “hold” rating to a “sell” rating in a research note on Monday, August 8th. CL King lowered shares of Express from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 24th. BlueFin Research restated a “market perform” rating and set a $20.00 price objective on shares of Express in a research note on Wednesday, August 17th. MKM Partners reduced their price objective on shares of Express from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Finally, Wedbush lowered shares of Express from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $17.00 to $12.00 in a research note on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Express presently has an average rating of “Hold” and an average target price of $16.53.
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions.
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