28,200 Shares in Express, Inc. (NYSE:EXPR) Acquired by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky purchased a new position in shares of Express, Inc. (NYSE:EXPR) during the first quarter, Holdings Channel reports. The firm purchased 28,200 shares of the company’s stock, valued at approximately $257,000.
Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock worth $91,425,000 after buying an additional 10,016,363 shares during the period. Vanguard Group Inc. raised its stake in Express by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock worth $65,997,000 after buying an additional 440,448 shares during the period. Dimensional Fund Advisors LP raised its stake in Express by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock worth $60,149,000 after buying an additional 501,305 shares during the period. State Street Corp raised its stake in Express by 6.2% in the first quarter. State Street Corp now owns 2,379,166 shares of the company’s stock worth $21,673,000 after buying an additional 138,418 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Express by 6.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,373,777 shares of the company’s stock worth $21,625,000 after buying an additional 145,749 shares during the period. Institutional investors and hedge funds own 96.46% of the company’s stock.
Express, Inc. (NYSE EXPR) traded down 3.26% on Thursday, reaching $6.24. The company’s stock had a trading volume of 837,085 shares. The stock has a market capitalization of $489.50 million, a P/E ratio of 12.24 and a beta of 1.44. Express, Inc. has a 52 week low of $5.84 and a 52 week high of $16.38. The firm has a 50 day moving average price of $6.32 and a 200 day moving average price of $8.35.
Express (NYSE:EXPR) last issued its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $468 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Express, Inc. will post $0.42 EPS for the current year.
EXPR has been the subject of a number of analyst reports. UBS AG restated a “sell” rating and issued a $6.00 price target (down from $8.00) on shares of Express in a research report on Friday, June 2nd. BMO Capital Markets set a $7.00 price target on Express and gave the company a “hold” rating in a research report on Tuesday. Wolfe Research upped their price target on Express from $6.00 to $10.00 and gave the company a “peer perform” rating in a research report on Friday, June 2nd. MKM Partners reiterated a “neutral” rating and issued a $7.00 price objective (down from $10.00) on shares of Express in a report on Friday, June 2nd. Finally, Morgan Stanley upped their price objective on Express from $7.50 to $10.50 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price 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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