First Eagle Investment Management LLC Buys Shares of 156,000 Express, Inc. (EXPR)

First Eagle Investment Management LLC bought a new position in Express, Inc. (NYSE:EXPR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 156,000 shares of the company’s stock, valued at approximately $1,055,000. First Eagle Investment Management LLC owned about 0.20% of Express as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPR. State of Alaska Department of Revenue lifted its holdings in Express by 77.6% in the second 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 in the second quarter worth about $114,000. Fox Run Management L.L.C. bought a new position in Express in the second quarter worth about $119,000. Municipal Employees Retirement System of Michigan lifted its holdings in Express by 3.5% in the second 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, Public Employees Retirement System of Ohio lifted its holdings in Express by 29.5% in the second quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after acquiring an additional 4,722 shares during the last quarter. 99.14% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. B. Riley reissued a “neutral” rating on shares of Express in a report on Wednesday, November 1st. BidaskClub upgraded shares of Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. BMO Capital Markets set a $7.00 price target on shares of Express and gave the company a “hold” rating in a research note on Tuesday, August 8th. FBR & Co restated a “hold” rating and issued a $7.00 price target on shares of Express in a research note on Friday, September 29th. Finally, Zacks Investment Research lowered shares of Express from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. Express presently has an average rating of “Hold” and a consensus target price of $8.20.

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Express, Inc. (NYSE EXPR) opened at $6.93 on Thursday. 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 $538.22, a P/E ratio of 20.09 and a beta of 1.33.

Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Express had a net margin of 0.85% and a return on equity of 4.25%. The business had revenue of $478.50 million for the quarter, compared to analyst estimates of $474.11 million. During the same quarter last year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. research analysts expect that Express, Inc. will post 0.45 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.

Institutional Ownership by Quarter for Express (NYSE:EXPR)

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