BlackRock Fund Advisors raised its position in shares of Express Inc. (NYSE:EXPR) by 17.8% during the third quarter, Holdings Channel reports. The firm owned 5,437,757 shares of the company’s stock after buying an additional 821,802 shares during the period. BlackRock Fund Advisors owned approximately 0.07% of Express worth $64,111,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can acquired a new stake in Express during the second quarter worth about $13,115,000. Bank of New York Mellon Corp increased its stake in Express by 34.8% in the third quarter. Bank of New York Mellon Corp now owns 2,366,879 shares of the company’s stock worth $27,905,000 after buying an additional 610,634 shares during the period. Dimensional Fund Advisors LP increased its stake in Express by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,210,776 shares of the company’s stock worth $61,098,000 after buying an additional 479,749 shares during the period. Lombardia Capital Partners LLC increased its stake in Express by 37.2% in the second quarter. Lombardia Capital Partners LLC now owns 1,698,254 shares of the company’s stock worth $24,642,000 after buying an additional 460,138 shares during the period. Finally, Prudential Financial Inc. increased its stake in Express by 11.2% in the third quarter. Prudential Financial Inc. now owns 3,003,366 shares of the company’s stock worth $35,410,000 after buying an additional 303,195 shares during the period. Institutional investors own 99.62% of the company’s stock.
Express Inc. (NYSE:EXPR) opened at 10.69 on Friday. The firm’s 50-day moving average price is $11.22 and its 200 day moving average price is $12.72. The firm has a market cap of $838.11 million, a P/E ratio of 9.40 and a beta of 1.60. Express Inc. has a 52 week low of $10.03 and a 52 week high of $21.57.
Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, December 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.02. Express had a return on equity of 15.68% and a net margin of 3.98%. The firm earned $506.10 million during the quarter, compared to analysts’ expectations of $498.75 million. During the same period last year, the business posted $0.31 EPS. Equities analysts forecast that Express Inc. will post $0.82 earnings per share for the current fiscal year.
A number of equities analysts have commented on EXPR shares. Mizuho reaffirmed a “buy” rating and set a $13.00 price objective on shares of Express in a research report on Wednesday, January 11th. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. FBR & Co reduced their price objective on shares of Express from $13.00 to $12.00 and set a “market perform” rating for the company in a research report on Friday, December 2nd. Nomura reaffirmed a “buy” rating and set a $14.00 price objective on shares of Express in a research report on Tuesday, September 27th. Finally, Wedbush reaffirmed a “neutral” rating and set a $12.00 price objective (up from $10.00) on shares of Express in a research report on Friday, December 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target 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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