Russell Investments Group Ltd. Sells 592,818 Shares of Express, Inc. (EXPR)
Russell Investments Group Ltd. reduced its holdings in shares of Express, Inc. (NYSE:EXPR) by 90.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,643 shares of the company’s stock after selling 592,818 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Express worth $423,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in Express by 77.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after acquiring an additional 6,711 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Express in the 2nd quarter worth $119,000. BlueCrest Capital Management Ltd bought a new position in shares of Express in the 1st quarter worth $131,000. Karp Capital Management Corp bought a new position in shares of Express in the 1st quarter worth $132,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Express by 21.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock worth $146,000 after buying an additional 2,795 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.
A number of equities analysts have recently commented on EXPR shares. Deutsche Bank AG increased their price target on shares of Express from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, May 31st. BMO Capital Markets reissued a “hold” rating and set a $7.00 price target on shares of Express in a research report on Friday, June 2nd. Wolfe Research increased their price target on shares of Express from $6.00 to $10.00 and gave the company a “peer perform” rating in a research report on Friday, June 2nd. UBS AG reissued a “sell” rating and set a $6.00 price target (down previously from $8.00) on shares of Express in a research report on Friday, June 2nd. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $7.00 target price (down from $10.00) on shares of Express in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Express currently has an average rating of “Hold” and a consensus target price of $9.25.
Shares of Express, Inc. (EXPR) traded down 1.437% during trading on Friday, reaching $6.515. 1,114,857 shares of the company’s stock traded hands. Express, Inc. has a one year low of $5.28 and a one year high of $14.39. The stock has a market cap of $513.29 million, a P/E ratio of 28.326 and a beta of 1.44. The company has a 50 day moving average price of $6.26 and a 200-day moving average price of $7.38.
Express (NYSE:EXPR) last released its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Express had a return on equity of 4.25% and a net margin of 0.85%. The business had revenue of $478.50 million for the quarter, compared to analyst estimates of $474.11 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts expect that Express, Inc. will post $0.44 EPS for the current fiscal year.
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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