PineBridge Investments L.P. held its position in Express Inc. (NYSE:EXPR) during the second quarter, Holdings Channel reports. The fund owned 8,774 shares of the company’s stock at the end of the second quarter. PineBridge Investments L.P.’s holdings in Express were worth $127,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPR. Aperio Group LLC bought a new position in Express during the first quarter valued at $300,000. TIAA CREF Investment Management LLC increased its stake in Express by 285.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,883,415 shares of the company’s stock valued at $40,324,000 after buying an additional 1,394,451 shares in the last quarter. Teachers Advisors Inc. increased its stake in Express by 2.5% in the first quarter. Teachers Advisors Inc. now owns 747,793 shares of the company’s stock valued at $16,010,000 after buying an additional 17,992 shares in the last quarter. BlackRock Inc. increased its stake in Express by 39.8% in the first quarter. BlackRock Inc. now owns 10,897 shares of the company’s stock valued at $233,000 after buying an additional 3,103 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in Express by 4.3% in the first quarter. BlackRock Group LTD now owns 140,414 shares of the company’s stock valued at $3,006,000 after buying an additional 5,778 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.
Shares of Express Inc. (NYSE:EXPR) opened at 11.92 on Wednesday. Express Inc. has a one year low of $11.28 and a one year high of $21.57. The firm’s 50-day moving average is $12.52 and its 200-day moving average is $15.46. The company has a market cap of $939.26 million, a price-to-earnings ratio of 9.22 and a beta of 1.56.
Express (NYSE:EXPR) last released its quarterly earnings data on Wednesday, August 24th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.04. Express had a return on equity of 18.62% and a net margin of 4.55%. The company had revenue of $504.80 million for the quarter, compared to the consensus estimate of $520.81 million. During the same period last year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. Analysts expect that Express Inc. will post $1.05 EPS for the current fiscal year.
Several analysts have commented on EXPR shares. CL King downgraded shares of Express from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 24th. BlueFin Research reissued an “outperform” rating and issued a $20.00 price target (down from $24.00) on shares of Express in a report on Monday, June 13th. Zacks Investment Research downgraded shares of Express from a “hold” rating to a “sell” rating in a report on Monday, August 22nd. Mizuho reduced their price target on shares of Express from $17.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, August 24th. Finally, Deutsche Bank AG downgraded shares of Express from a “buy” rating to a “hold” rating and reduced their price target for the company from $19.00 to $12.00 in a report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Express has a consensus rating of “Hold” and a consensus 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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