EXPR has been the subject of a number of other research reports. ValuEngine upgraded shares of Express from a strong sell rating to a sell rating in a research report on Thursday, December 27th. Zacks Investment Research downgraded shares of Express from a hold rating to a sell rating in a research report on Wednesday, March 6th. Finally, B. Riley set a $7.00 price target on shares of Express and gave the stock a hold rating in a research note on Friday, November 30th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of Hold and an average price target of $6.75.
Express stock traded down $0.10 during trading hours on Thursday, reaching $4.39. 47,570 shares of the stock were exchanged, compared to its average volume of 1,877,767. The company has a market cap of $307.70 million, a P/E ratio of 12.18 and a beta of 1.12. Express has a 52-week low of $4.28 and a 52-week high of $11.69.
In other news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $5.36, for a total transaction of $1,288,678.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of EXPR. Norges Bank purchased a new position in Express in the 4th quarter valued at about $9,096,000. Bank of America Corp DE grew its position in shares of Express by 2,029.4% during the fourth quarter. Bank of America Corp DE now owns 1,167,252 shares of the company’s stock worth $5,965,000 after buying an additional 1,112,436 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Express by 204.6% in the third quarter. JPMorgan Chase & Co. now owns 1,245,987 shares of the company’s stock worth $13,781,000 after purchasing an additional 836,893 shares during the period. Divisar Capital Management LLC acquired a new position in Express in the fourth quarter worth $3,628,000. Finally, AQR Capital Management LLC boosted its holdings in Express by 611.0% in the third quarter. AQR Capital Management LLC now owns 687,609 shares of the company’s stock worth $7,605,000 after purchasing an additional 590,896 shares during the period.
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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