Express, Inc. (EXPR) Stake Decreased by AQR Capital Management LLC
AQR Capital Management LLC cut its stake in Express, Inc. (NYSE:EXPR) by 15.2% during the first quarter, Holdings Channel reports. The fund owned 464,250 shares of the company’s stock after selling 82,918 shares during the period. AQR Capital Management LLC’s holdings in Express were worth $4,229,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Comerica Bank boosted its stake in Express by 5.6% in the fourth quarter. Comerica Bank now owns 83,327 shares of the company’s stock valued at $895,000 after buying an additional 4,390 shares during the last quarter. State Street Corp boosted its stake in Express by 6.3% in the fourth quarter. State Street Corp now owns 2,240,748 shares of the company’s stock valued at $24,114,000 after buying an additional 133,474 shares during the last quarter. FMR LLC boosted its stake in Express by 813.4% in the fourth quarter. FMR LLC now owns 276,468 shares of the company’s stock valued at $2,975,000 after buying an additional 246,200 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Express by 2.5% in the fourth quarter. New York State Teachers Retirement System now owns 69,445 shares of the company’s stock valued at $747,000 after buying an additional 1,700 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Express by 4.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 54,623 shares of the company’s stock valued at $588,000 after buying an additional 2,089 shares during the last quarter. 97.00% of the stock is currently owned by institutional investors.
Express, Inc. (NYSE:EXPR) opened at 6.29 on Thursday. The stock has a market capitalization of $493.42 million, a price-to-earnings ratio of 12.33 and a beta of 1.46. Express, Inc. has a 12-month low of $5.96 and a 12-month high of $16.38. The stock’s 50 day moving average is $6.58 and its 200 day moving average is $8.80.
Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. Express had a net margin of 1.85% and a return on equity of 5.83%. The business had revenue of $467.03 million for the quarter, compared to the consensus estimate of $468 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Express’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities analysts predict that Express, Inc. will post $0.43 earnings per share for the current fiscal year.
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EXPR has been the topic of several recent analyst reports. UBS AG reissued a “sell” rating and issued a $8.00 target price (down from $10.00) on shares of Express in a research note on Tuesday, April 18th. MKM Partners reaffirmed a “neutral” rating on shares of Express in a research report on Tuesday, April 18th. Deutsche Bank AG lifted their price objective on Express from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Wednesday, May 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $7.00 price objective on shares of Express in a research report on Friday, June 2nd. Finally, Wolfe Research lifted their price objective on Express from $6.00 to $10.00 and gave the company a “peer perform” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.63.
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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