Quantitative Systematic Strategies LLC Acquires Shares of 205,952 Express, Inc. (EXPR)

Quantitative Systematic Strategies LLC acquired a new position in shares of Express, Inc. (NYSE:EXPR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 205,952 shares of the company’s stock, valued at approximately $1,392,000. Quantitative Systematic Strategies LLC owned about 0.26% of Express at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EXPR. State of Alaska Department of Revenue boosted its stake 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 last quarter. Piedmont Investment Advisors LLC bought a new position in Express during the 2nd quarter worth approximately $114,000. Fox Run Management L.L.C. bought a new position in Express during the 2nd quarter worth approximately $119,000. Municipal Employees Retirement System of Michigan boosted its stake in Express by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after acquiring an additional 620 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in Express during the 1st quarter worth approximately $131,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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Several research analysts recently weighed in on the stock. BidaskClub raised shares of Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday. SunTrust Banks, Inc. reissued a “hold” rating and set a $6.00 price objective on shares of Express in a research note on Monday, October 2nd. FBR & Co reissued a “hold” rating and set a $7.00 price objective on shares of Express in a research note on Friday, September 29th. BMO Capital Markets reissued a “hold” rating and set a $7.00 price objective on shares of Express in a research note on Wednesday, September 13th. Finally, Zacks Investment Research lowered shares of Express from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $8.25.

Shares of Express, Inc. (NYSE:EXPR) traded up 4.75% during mid-day trading on Friday, reaching $6.62. 3,530,218 shares of the company’s stock traded hands. The company has a 50 day moving average of $6.53 and a 200 day moving average of $6.97. Express, Inc. has a 12 month low of $5.28 and a 12 month high of $14.39. The company has a market cap of $521.56 million, a price-to-earnings ratio of 28.78 and a beta of 1.47.

Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. Analysts expect that Express, Inc. will post $0.43 earnings per share for the current fiscal year.

Express Company Profile

Express, Inc i

A number of other institutional investors have also recently added to or reduced their stakes in EXPR. State of Alaska Department of Revenue boosted its stake 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 last quarter. Piedmont Investment Advisors LLC bought a new position in Express during the 2nd quarter worth approximately $114,000. Fox Run Management L.L.C. bought a new position in Express during the 2nd quarter worth approximately $119,000. Municipal Employees Retirement System of Michigan boosted its stake in Express by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after acquiring an additional 620 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in Express during the 1st quarter worth approximately $131,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/21/quantitative-systematic-strategies-llc-acquires-shares-of-205952-express-inc-expr.html.

Several research analysts recently weighed in on the stock. BidaskClub raised shares of Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday. SunTrust Banks, Inc. reissued a “hold” rating and set a $6.00 price objective on shares of Express in a research note on Monday, October 2nd. FBR & Co reissued a “hold” rating and set a $7.00 price objective on shares of Express in a research note on Friday, September 29th. BMO Capital Markets reissued a “hold” rating and set a $7.00 price objective on shares of Express in a research note on Wednesday, September 13th. Finally, Zacks Investment Research lowered shares of Express from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $8.25.

Shares of Express, Inc. (NYSE:EXPR) traded up 4.75% during mid-day trading on Friday, reaching $6.62. 3,530,218 shares of the company’s stock traded hands. The company has a 50 day moving average of $6.53 and a 200 day moving average of $6.97. Express, Inc. has a 12 month low of $5.28 and a 12 month high of $14.39. The company has a market cap of $521.56 million, a price-to-earnings ratio of 28.78 and a beta of 1.47.

Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. Analysts expect that Express, Inc. will post $0.43 earnings per share for the current fiscal year.

Express Company Profile

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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Institutional Ownership by Quarter for Express (NYSE:EXPR)

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