Express, Inc. (NYSE:EXPR) EVP James A. Hilt sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $9.41, for a total transaction of $103,510.00. Following the sale, the executive vice president now directly owns 102,557 shares of the company’s stock, valued at approximately $965,061.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE EXPR traded down $0.07 during midday trading on Thursday, reaching $9.72. 192,040 shares of the stock were exchanged, compared to its average volume of 2,933,229. The stock has a market cap of $764.62 million, a price-to-earnings ratio of 27.19 and a beta of 0.89. Express, Inc. has a 12 month low of $5.28 and a 12 month high of $11.34.
Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, May 31st. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $479.40 million for the quarter, compared to analysts’ expectations of $460.78 million. Express had a net margin of 1.14% and a return on equity of 5.39%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. analysts forecast that Express, Inc. will post 0.42 EPS for the current fiscal year.
A number of brokerages have issued reports on EXPR. ValuEngine raised shares of Express from a “sell” rating to a “hold” rating in a research note on Sunday, April 8th. Zacks Investment Research raised shares of Express from a “strong sell” rating to a “hold” rating in a research note on Monday, May 21st. Finally, Wedbush began coverage on shares of Express in a research note on Thursday, May 10th. They issued a “neutral” rating and a $9.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, Express has a consensus rating of “Hold” and an average target price of $8.83.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Phocas Financial Corp. bought a new position in Express during the fourth quarter worth $7,127,000. Teacher Retirement System of Texas purchased a new position in Express during the fourth quarter worth $262,000. Lyon Street Capital LLC purchased a new position in Express during the fourth quarter worth $928,000. Quadrature Capital Ltd purchased a new position in Express during the fourth quarter worth $1,738,000. Finally, California Public Employees Retirement System increased its position in Express by 20.7% during the fourth quarter. California Public Employees Retirement System now owns 627,361 shares of the company’s stock worth $6,368,000 after buying an additional 107,681 shares in the last quarter.
Express Company Profile
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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