Segall Bryant & Hamill LLC lifted its position in Express, Inc. (NYSE:EXPR) by 22.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,021 shares of the company’s stock after acquiring an additional 60,104 shares during the quarter. Segall Bryant & Hamill LLC owned 0.42% of Express worth $2,217,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Texas Permanent School Fund raised its holdings in shares of Express by 0.8% in the second quarter. Texas Permanent School Fund now owns 57,245 shares of the company’s stock valued at $386,000 after acquiring an additional 474 shares in the last quarter. Municipal Employees Retirement System of Michigan raised 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 purchasing an additional 620 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Express by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 61,848 shares of the company’s stock worth $418,000 after purchasing an additional 3,663 shares in the last quarter. Voya Investment Management LLC raised its holdings in Express by 15.6% in the second quarter. Voya Investment Management LLC now owns 33,207 shares of the company’s stock worth $224,000 after purchasing an additional 4,480 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Express by 9.6% in the second quarter. UBS Asset Management Americas Inc. now owns 53,339 shares of the company’s stock worth $360,000 after purchasing an additional 4,669 shares in the last quarter. Hedge funds and other institutional investors own 99.82% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Express from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Monday, December 4th. SunTrust Banks set a $10.00 target price on shares of Express and gave the stock a “hold” rating in a report on Friday, December 1st. BMO Capital Markets set a $10.00 target price on shares of Express and gave the stock a “hold” rating in a report on Friday, December 1st. B. Riley boosted their target price on shares of Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, November 30th. Finally, TheStreet upgraded shares of Express from a “d+” rating to a “c-” rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $9.13.
Shares of Express, Inc. (EXPR) opened at $11.22 on Monday. Express, Inc. has a 52 week low of $5.28 and a 52 week high of $12.40. The firm has a market capitalization of $884.23, a PE ratio of 36.19 and a beta of 1.55.
Express (NYSE:EXPR) last issued its quarterly earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. Express had a return on equity of 3.85% and a net margin of 0.60%. The business had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. analysts forecast that Express, Inc. will post 0.47 earnings per share for the current fiscal year.
Express announced that its Board of Directors has authorized a share buyback program on Thursday, November 30th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are 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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