Arizona State Retirement System cut its stake in Express, Inc. (NYSE:EXPR) by 43.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,856 shares of the company’s stock after selling 34,142 shares during the quarter. Arizona State Retirement System’s holdings in Express were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of EXPR. Morgan Stanley increased its stake in shares of Express by 198.8% in the second quarter. Morgan Stanley now owns 2,385,916 shares of the company’s stock worth $6,513,000 after acquiring an additional 1,587,294 shares during the last quarter. Alberta Investment Management Corp increased its stake in shares of Express by 413.0% in the third quarter. Alberta Investment Management Corp now owns 344,200 shares of the company’s stock worth $1,184,000 after acquiring an additional 277,100 shares during the last quarter. First Trust Advisors LP acquired a new position in Express during the third quarter worth $525,000. State Street Corp increased its position in Express by 1.3% during the third quarter. State Street Corp now owns 2,601,271 shares of the company’s stock worth $8,948,000 after buying an additional 33,299 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Express by 126.4% during the third quarter. State of Alaska Department of Revenue now owns 51,681 shares of the company’s stock worth $177,000 after buying an additional 28,850 shares during the last quarter. 99.22% of the stock is currently owned by institutional investors and hedge funds.
Express stock opened at $4.33 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.39. The company has a market capitalization of $276.73 million, a price-to-earnings ratio of -12.03 and a beta of 1.12. Express, Inc. has a one year low of $1.83 and a one year high of $6.24. The company’s fifty day moving average price is $4.60 and its two-hundred day moving average price is $3.58.
Express (NYSE:EXPR) last posted its earnings results on Thursday, December 5th. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. The firm had revenue of $488.50 million for the quarter, compared to the consensus estimate of $483.25 million. Express had a negative net margin of 1.17% and a negative return on equity of 1.38%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, sell-side analysts anticipate that Express, Inc. will post -0.12 earnings per share for the current year.
Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. ValuEngine downgraded shares of Express from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 4th. Finally, B. Riley increased their target price on shares of Express from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Express currently has an average rating of “Hold” and an average target price of $4.30.
Express Company Profile
Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.
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