Express, Inc. (EXPR) Shares Sold by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY decreased its stake in Express, Inc. (NYSE:EXPR) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 54,079 shares of the company’s stock after selling 544 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Express were worth $493,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlueCrest Capital Management Ltd acquired a new position in shares of Express during the first quarter valued at $131,000. Karp Capital Management Corp acquired a new position in shares of Express during the first quarter valued at $132,000. Highbridge Capital Management LLC acquired a new position in shares of Express during the fourth quarter valued at $178,000. Mason Street Advisors LLC increased its position in shares of Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock valued at $167,000 after buying an additional 1,202 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Express during the first quarter valued at $192,000. 96.46% of the stock is owned by institutional investors and hedge funds.
Express, Inc. (NYSE:EXPR) traded up 1.95% on Friday, reaching $6.28. The company had a trading volume of 1,882,694 shares. The company’s 50-day moving average is $6.31 and its 200-day moving average is $8.30. The company has a market capitalization of $492.63 million, a PE ratio of 12.31 and a beta of 1.44. Express, Inc. has a 52-week low of $5.84 and a 52-week 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 Zacks’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $467.03 million for the quarter, compared to analysts’ expectations of $468 million. Express had a return on equity of 5.83% and a net margin of 1.85%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Equities analysts anticipate that Express, Inc. will post $0.42 EPS for the current fiscal year.
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Several brokerages have recently weighed in on EXPR. UBS AG reaffirmed a “sell” rating and set a $6.00 target price (down from $8.00) on shares of Express in a research note on Friday, June 2nd. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets set a $7.00 target price on Express and gave the stock a “hold” rating in a research note on Tuesday, August 8th. MKM Partners reaffirmed a “neutral” rating and set a $7.00 target price (down from $10.00) on shares of Express in a research note on Friday, June 2nd. Finally, Morgan Stanley upped their target price on Express from $7.50 to $10.50 and gave the stock an “equal weight” rating in a research note on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average 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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