Chartwell Investment Partners LLC lifted its holdings in shares of Express, Inc. (NYSE:EXPR) by 36.5% during the 4th quarter, HoldingsChannel reports. The fund owned 297,501 shares of the company’s stock after buying an additional 79,501 shares during the period. Chartwell Investment Partners LLC’s holdings in Express were worth $3,020,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Alambic Investment Management L.P. purchased a new position in Express during the 4th quarter worth approximately $147,000. Piedmont Investment Advisors LLC purchased a new position in Express during the 2nd quarter worth approximately $114,000. Public Employees Retirement System of Ohio grew its stake in Express by 29.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after buying an additional 4,722 shares during the last quarter. Gotham Asset Management LLC purchased a new position in Express during the 2nd quarter worth approximately $148,000. Finally, Acadian Asset Management LLC purchased a new position in Express during the 4th quarter worth approximately $228,000. 99.08% of the stock is currently owned by institutional investors and hedge funds.
EXPR has been the topic of a number of research reports. Zacks Investment Research upgraded Express from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Tuesday, January 9th. TheStreet upgraded Express from a “d+” rating to a “c-” rating in a research note on Thursday, November 16th. SunTrust Banks dropped their price target on Express to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, January 10th. BidaskClub upgraded Express from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets restated a “hold” rating and set a $7.00 price target on shares of Express in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.88.
Express, Inc. (NYSE:EXPR) opened at $7.11 on Tuesday. Express, Inc. has a 12 month low of $5.28 and a 12 month high of $11.68. The firm has a market capitalization of $560.33, a P/E ratio of 22.93 and a beta of 1.03.
Express (NYSE:EXPR) last announced its earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Express had a return on equity of 3.85% and a net margin of 0.60%. The company had revenue of $498.70 million for the quarter, compared to the consensus estimate of $487.38 million. During the same period last year, the business posted $0.15 EPS. The company’s revenue was down 1.5% on a year-over-year basis. analysts expect that Express, Inc. will post 0.34 EPS for the current year.
Express declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management 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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