BNP Paribas Arbitrage SA decreased its position in shares of Express Inc. (NYSE:EXPR) by 45.4% during the third quarter, Holdings Channel reports. The firm owned 17,215 shares of the company’s stock after selling 14,332 shares during the period. BNP Paribas Arbitrage SA’s holdings in Express were worth $203,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Emerald Acquisition Ltd. acquired a new stake in Express during the second quarter valued at about $114,000. 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 during 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 during the last quarter. Meeder Asset Management Inc. acquired a new stake in Express during the first quarter valued at about $173,000. Finally, Mason Street Advisors LLC acquired a new stake in Express during the second quarter valued at about $194,000. 99.31% of the stock is owned by institutional investors.
Shares of Express Inc. (NYSE:EXPR) opened at 12.29 on Thursday. The company has a market cap of $968.42 million, a PE ratio of 9.51 and a beta of 1.56. The company has a 50-day moving average of $12.43 and a 200-day moving average of $15.44. Express Inc. has a 1-year low of $11.28 and a 1-year high of $21.57.
Express (NYSE:EXPR) last announced its earnings results on Wednesday, August 24th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $504.80 million for the quarter, compared to analyst estimates of $520.81 million. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities analysts forecast that Express Inc. will post $1.05 EPS for the current year.
Several equities research analysts recently issued reports on the stock. Nomura reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Express in a research note on Tuesday, September 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Express in a research note on Wednesday, September 7th. Zacks Investment Research lowered shares of Express from a “hold” rating to a “strong sell” rating in a research note on Monday, August 29th. MKM Partners reduced their price objective on shares of Express from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Finally, BMO Capital Markets reduced their price objective on shares of Express from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Thursday, August 25th. Two 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’s stock. The stock presently has a consensus rating of “Hold” and an average 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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