Canada Pension Plan Investment Board boosted its holdings in shares of Express, Inc. (NYSE:EXPR) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 821,900 shares of the company’s stock after acquiring an additional 29,200 shares during the quarter. Canada Pension Plan Investment Board owned 1.04% of Express worth $5,556,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Texas Permanent School Fund grew its holdings in Express by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 57,245 shares of the company’s stock worth $386,000 after acquiring an additional 474 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Express by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after acquiring an additional 620 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Express by 21.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock worth $146,000 after acquiring an additional 2,795 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Express by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,848 shares of the company’s stock worth $418,000 after acquiring an additional 3,663 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in Express by 15.6% during the 2nd quarter. Voya Investment Management LLC now owns 33,207 shares of the company’s stock worth $224,000 after acquiring an additional 4,480 shares during the last quarter. 99.14% of the stock is currently owned by hedge funds and other institutional investors.
Express, Inc. (NYSE:EXPR) opened at $6.87 on Tuesday. Express, Inc. has a 1 year low of $5.28 and a 1 year high of $14.39. The stock has a market cap of $557.92, a price-to-earnings ratio of 20.82 and a beta of 1.33.
Express (NYSE:EXPR) last released its earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Express had a net margin of 0.85% and a return on equity of 4.25%. The company had revenue of $478.50 million for the quarter, compared to the consensus estimate of $474.11 million. During the same quarter in the previous year, the company earned $0.13 EPS. Express’s quarterly revenue was down 5.2% compared to the same quarter last year. equities research analysts expect that Express, Inc. will post 0.45 earnings per share for the current year.
A number of equities research analysts have weighed in on EXPR shares. BMO Capital Markets set a $7.00 target price on shares of Express and gave the stock a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub raised shares of Express from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Express in a research note on Monday, October 2nd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Express in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Express presently has a consensus rating of “Hold” and a consensus target price of $8.20.
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Express Company 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.
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