Dimensional Fund Advisors LP cut its position in shares of Express, Inc. (NYSE:EXPR) by 19.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,328,056 shares of the company’s stock after selling 1,288,355 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of Express worth $36,018,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in shares of Express by 4.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 591,208 shares of the company’s stock worth $3,992,000 after purchasing an additional 25,422 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Express during the 3rd quarter worth about $1,055,000. Nomura Holdings Inc. purchased a new position in shares of Express during the 2nd quarter worth about $33,597,000. California Public Employees Retirement System boosted its stake in shares of Express by 13.9% during the 2nd quarter. California Public Employees Retirement System now owns 396,300 shares of the company’s stock worth $2,675,000 after purchasing an additional 48,500 shares during the period. Finally, QS Investors LLC boosted its stake in shares of Express by 48.1% during the 2nd quarter. QS Investors LLC now owns 473,086 shares of the company’s stock worth $3,193,000 after purchasing an additional 153,676 shares during the period. 99.08% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on EXPR shares. Zacks Investment Research cut shares of Express from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised shares of Express from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. B. Riley reaffirmed a “neutral” rating on shares of Express in a research note on Wednesday, November 1st. SunTrust Banks reaffirmed a “hold” rating and set a $6.00 price target on shares of Express in a research note on Monday, October 2nd. Finally, TheStreet raised shares of Express from a “d+” rating to a “c-” rating in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. Express presently has a consensus rating of “Hold” and an average price target of $8.88.
Shares of Express, Inc. (NYSE:EXPR) opened at $7.26 on Friday. Express, Inc. has a twelve month low of $5.28 and a twelve month high of $11.69. The firm has a market cap of $572.10, a PE ratio of 45.38 and a beta of 1.55.
Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Express had a net margin of 0.60% and a return on equity of 3.85%. The company had revenue of $498.70 million during the quarter, compared to analyst estimates of $487.38 million. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. equities analysts expect that Express, Inc. will post 0.34 earnings per share for the current year.
Express announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
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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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