PNC Financial Services Group Inc. lowered its position in Express Inc. (NYSE:EXPR) by 42.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,304 shares of the company’s stock after selling 6,780 shares during the period. PNC Financial Services Group Inc.’s holdings in Express were worth $135,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new stake in Express during the second quarter worth approximately $114,000. Meeder Asset Management Inc. purchased a new stake in Express during the first quarter worth approximately $173,000. Suntrust Banks Inc. boosted its stake in Express by 7.0% in the second quarter. Suntrust Banks Inc. now owns 14,277 shares of the company’s stock worth $206,000 after buying an additional 935 shares during the period. BlackRock Inc. boosted 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 during the period. Finally, Aperio Group LLC purchased a new stake in Express during the first quarter worth approximately $300,000. Institutional investors and hedge funds own 99.29% of the company’s stock.
Shares of Express Inc. (NYSE:EXPR) traded down 0.54% during midday trading on Monday, hitting $12.94. The stock had a trading volume of 765,296 shares. Express Inc. has a one year low of $11.28 and a one year high of $21.57. The firm has a 50 day moving average of $12.25 and a 200-day moving average of $15.36. The company has a market cap of $1.02 billion, a P/E ratio of 10.01 and a beta of 1.56.
Express (NYSE:EXPR) last posted its quarterly earnings results 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. The business earned $504.80 million during the quarter, compared to analyst estimates of $520.81 million. Express had a return on equity of 18.62% and a net margin of 4.55%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. On average, analysts forecast that Express Inc. will post $1.05 earnings per share for the current fiscal year.
EXPR has been the topic of a number of research analyst reports. Mizuho cut their target price on Express from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, August 24th. Stifel Nicolaus cut their target price on Express from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, August 24th. Nomura cut their target price on Express from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. Zacks Investment Research upgraded Express from a “sell” rating to a “hold” rating in a research report on Monday, August 15th. Finally, Deutsche Bank AG cut Express from a “buy” rating to a “hold” rating and dropped their price target for the company from $19.00 to $12.00 in a research report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target 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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