UBS Asset Management Americas Inc. Raises Position in Express, Inc. (NYSE:EXPR)
UBS Asset Management Americas Inc. boosted its position in shares of Express, Inc. (NYSE:EXPR) by 121.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,670 shares of the company’s stock after buying an additional 26,677 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of Express worth $443,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Comerica Bank increased its stake in Express by 3.8% in the first quarter. Comerica Bank now owns 86,484 shares of the company’s stock worth $763,000 after buying an additional 3,157 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Express by 2.8% in the first quarter. BNP Paribas Arbitrage SA now owns 52,308 shares of the company’s stock worth $477,000 after buying an additional 1,433 shares in the last quarter. Princeton Alpha Management LP bought a new stake in Express during the first quarter worth about $231,000. Boston Partners increased its stake in Express by 107.6% in the first quarter. Boston Partners now owns 579,655 shares of the company’s stock worth $5,281,000 after buying an additional 300,491 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Express by 32.7% in the first quarter. First Trust Advisors LP now owns 239,161 shares of the company’s stock worth $2,179,000 after buying an additional 58,946 shares in the last quarter. Institutional investors own 96.99% of the company’s stock.
Express, Inc. (EXPR) opened at 6.06 on Wednesday. The firm has a market cap of $475.38 million, a P/E ratio of 11.88 and a beta of 1.46. The firm’s 50-day moving average price is $6.52 and its 200-day moving average price is $8.71. Express, Inc. has a 12 month low of $5.84 and a 12 month high of $16.38.
Express (NYSE:EXPR) last posted its earnings results on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. Express had a return on equity of 5.83% and a net margin of 1.85%. The firm had revenue of $467.03 million for the quarter, compared to the consensus estimate of $468 million. During the same period in the prior year, the business earned $0.25 EPS. Express’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts expect that Express, Inc. will post $0.43 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. BidaskClub downgraded Express from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. BMO Capital Markets set a $7.00 target price on Express and gave the company a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded Express from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Morgan Stanley lifted their target price on Express from $7.50 to $10.50 and gave the company an “equal weight” rating in a research report on Wednesday, June 14th. Finally, TheStreet downgraded Express from a “c” rating to a “d+” rating in a research report on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $10.63.
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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