Alberta Investment Management Corp increased its holdings in Express, Inc. (NYSE:EXPR) by 413.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 344,200 shares of the company’s stock after buying an additional 277,100 shares during the period. Alberta Investment Management Corp’s holdings in Express were worth $1,184,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXPR. Magnus Financial Group LLC boosted its holdings in Express by 30.5% in the 2nd quarter. Magnus Financial Group LLC now owns 21,124 shares of the company’s stock worth $58,000 after buying an additional 4,932 shares during the period. GSA Capital Partners LLP bought a new position in Express in the 2nd quarter worth approximately $62,000. Jane Street Group LLC boosted its holdings in Express by 42.2% in the 2nd quarter. Jane Street Group LLC now owns 38,283 shares of the company’s stock worth $105,000 after buying an additional 11,357 shares during the period. Paloma Partners Management Co bought a new position in Express in the 2nd quarter worth approximately $108,000. Finally, United Services Automobile Association boosted its holdings in Express by 40.3% in the 2nd quarter. United Services Automobile Association now owns 49,821 shares of the company’s stock worth $136,000 after buying an additional 14,323 shares during the period.
Shares of NYSE:EXPR opened at $3.26 on Tuesday. The firm has a fifty day moving average price of $3.06 and a two-hundred day moving average price of $2.89. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.43. Express, Inc. has a one year low of $1.83 and a one year high of $9.64. The company has a market cap of $211.89 million, a price-to-earnings ratio of 10.19 and a beta of 0.98.
Express (NYSE:EXPR) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. Express had a negative net margin of 0.62% and a positive return on equity of 0.34%. The firm had revenue of $472.70 million during the quarter, compared to the consensus estimate of $458.67 million. During the same period last year, the firm earned $0.03 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts expect that Express, Inc. will post -0.24 EPS for the current fiscal year.
Several research analysts have commented on EXPR shares. B. Riley set a $4.00 price target on shares of Express and gave the company a “hold” rating in a report on Tuesday, August 20th. Zacks Investment Research downgraded shares of Express from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Wedbush cut their price target on shares of Express from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Tuesday, August 27th. MKM Partners set a $3.00 price target on shares of Express and gave the company a “hold” rating in a report on Thursday, August 29th. Finally, ValuEngine raised shares of Express from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.40.
Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.
Featured Story: Momentum Investing
Want to see what other hedge funds are holding EXPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Express, Inc. (NYSE:EXPR).
Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.