Two Sigma Advisers LP reduced its stake in shares of Express, Inc. (NYSE:EXPR) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,835 shares of the company’s stock after selling 102,100 shares during the quarter. Two Sigma Advisers LP owned 1.17% of Express worth $9,377,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Express by 32.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 445,663 shares of the company’s stock worth $3,012,000 after acquiring an additional 110,287 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Express by 15.7% during the fourth quarter. Frontier Capital Management Co. LLC now owns 755,477 shares of the company’s stock worth $7,668,000 after acquiring an additional 102,545 shares in the last quarter. Wells Fargo & Company MN raised its stake in Express by 56.0% during the third quarter. Wells Fargo & Company MN now owns 92,975 shares of the company’s stock worth $628,000 after acquiring an additional 33,359 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Express by 22.4% during the third quarter. Segall Bryant & Hamill LLC now owns 328,021 shares of the company’s stock worth $2,217,000 after acquiring an additional 60,104 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Express during the fourth quarter worth $1,738,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.
Several analysts have recently commented on the company. Zacks Investment Research upgraded Express from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Monday, December 4th. SunTrust Banks decreased their target price on Express to $8.00 and set a “hold” rating on the stock in a report on Wednesday, January 10th. BMO Capital Markets set a $10.00 target price on Express and gave the stock a “hold” rating in a report on Friday, December 1st. Finally, B. Riley increased their target price on Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.75.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $693.80 million for the quarter, compared to analysts’ expectations of $686.82 million. Express had a return on equity of 4.45% and a net margin of 0.91%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. equities analysts forecast that Express, Inc. will post 0.41 earnings per share for the current fiscal year.
Express declared that its board has initiated a stock repurchase plan on Thursday, November 30th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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.
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