The 12,600 Shares in Express Inc. (EXPR) Acquired by Alambic Investment Management L.P.

The 12,600 Shares in Express Inc. (EXPR) Acquired by Alambic Investment Management L.P.

Alambic Investment Management L.P. acquired a new stake in shares of Express Inc. (NYSE:EXPR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,600 shares of the company’s stock, valued at approximately $149,000.

Several other large investors also recently added to or reduced their stakes in the stock. Profund Advisors LLC raised its stake in Express by 0.3% in the second quarter. Profund Advisors LLC now owns 22,508 shares of the company’s stock valued at $327,000 after buying an additional 66 shares in the last quarter. Sei Investments Co. raised its stake in Express by 2.0% in the second quarter. Sei Investments Co. now owns 38,487 shares of the company’s stock valued at $559,000 after buying an additional 772 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Express by 11.1% in the second quarter. Teacher Retirement System of Texas now owns 10,396 shares of the company’s stock valued at $151,000 after buying an additional 1,036 shares in the last quarter. US Bancorp DE raised its stake in Express by 23.2% in the second quarter. US Bancorp DE now owns 10,052 shares of the company’s stock valued at $146,000 after buying an additional 1,896 shares in the last quarter. Finally, Zacks Investment Management raised its stake in Express by 13.2% in the second quarter. Zacks Investment Management now owns 17,332 shares of the company’s stock valued at $251,000 after buying an additional 2,019 shares in the last quarter. Institutional investors own 99.62% of the company’s stock.

Shares of Express Inc. (NYSE:EXPR) traded down 0.37% on Friday, reaching $10.65. The company’s stock had a trading volume of 1,046,563 shares. The company has a market cap of $834.97 million, a PE ratio of 9.37 and a beta of 1.60. The firm has a 50 day moving average of $11.45 and a 200 day moving average of $12.80. Express Inc. has a 52-week low of $10.03 and a 52-week high of $21.57.

Express (NYSE:EXPR) last released its quarterly earnings results on Thursday, December 1st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.02. Express had a net margin of 3.98% and a return on equity of 15.68%. The business earned $506.10 million during the quarter, compared to analyst estimates of $498.75 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Analysts predict that Express Inc. will post $0.82 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. FBR & Co lowered their price objective on Express from $13.00 to $12.00 and set a “market perform” rating on the stock in a research note on Friday, December 2nd. Mizuho decreased their price target on Express from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, December 2nd. Zacks Investment Research upgraded Express from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Wedbush restated a “neutral” rating and set a $12.00 price target (up from $10.00) on shares of Express in a research report on Friday, December 2nd. Finally, Nomura restated a “buy” rating and set a $14.00 price target on shares of Express in a research report on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.08.

Express Company Profile

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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