HighTower Advisors LLC lifted its stake in Express, Inc. (NYSE:EXPR) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,817 shares of the company’s stock after acquiring an additional 8,858 shares during the period. HighTower Advisors LLC owned approximately 0.18% of Express worth $973,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of Express by 77.6% in the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after acquiring an additional 6,711 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Express in the second quarter worth $119,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Express by 3.5% in the second 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 period. BlueCrest Capital Management Ltd bought a new position in shares of Express in the first quarter worth $131,000. Finally, Karp Capital Management Corp bought a new position in shares of Express in the first quarter worth $132,000. 99.23% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This story was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/2957231/hightower-advisors-llc-has-973000-stake-in-express-inc-expr.html.
Shares of Express, Inc. (NYSE EXPR) opened at 5.88 on Friday. The company’s 50-day moving average price is $6.58 and its 200 day moving average price is $7.09. Express, Inc. has a 1-year low of $5.28 and a 1-year high of $14.39. The company has a market cap of $463.26 million, a price-to-earnings ratio of 25.57 and a beta of 1.47.
Express (NYSE:EXPR) last issued its earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $478.50 million during the quarter, compared to the consensus estimate of $474.11 million. Express had a net margin of 0.85% and a return on equity of 4.25%. Express’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. On average, analysts predict that Express, Inc. will post $0.43 earnings per share for the current fiscal year.
A number of research firms have recently commented on EXPR. BidaskClub lowered Express from a “sell” rating to a “strong sell” rating in a report on Thursday. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $6.00 price target on shares of Express in a report on Monday, October 2nd. FBR & Co reaffirmed a “hold” rating and issued a $7.00 price target on shares of Express in a report on Friday, September 29th. BMO Capital Markets reaffirmed a “hold” rating and issued a $7.00 price target on shares of Express in a report on Wednesday, September 13th. Finally, Zacks Investment Research lowered Express from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.25.
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.
Receive News & Ratings for Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express Inc. and related companies with MarketBeat.com's FREE daily email newsletter.