Express, Inc. (EXPR) Shares Sold by Cipher Capital LP
Cipher Capital LP trimmed its position in shares of Express, Inc. (NYSE:EXPR) by 85.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,196 shares of the company’s stock after selling 291,615 shares during the quarter. Cipher Capital LP owned 0.06% of Express worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new position in shares of Express during the 1st quarter valued at $131,000. Karp Capital Management Corp bought a new position in shares of Express during the 1st quarter valued at $132,000. State of Alaska Department of Revenue lifted its holdings in shares of Express by 77.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock valued at $103,000 after buying an additional 6,711 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Express by 21.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock valued at $146,000 after buying an additional 2,795 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of Express during the 2nd quarter valued at $119,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.
Express, Inc. (NYSE EXPR) opened at 6.12 on Monday. The company has a 50-day moving average price of $6.17 and a 200-day moving average price of $7.67. The company has a market capitalization of $482.17 million, a PE ratio of 26.61 and a beta of 1.44. Express, Inc. has a one year low of $5.28 and a one year high of $14.39.
Express (NYSE:EXPR) last posted its earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $478.50 million during the quarter, compared to the consensus estimate of $474.11 million. Express had a net margin of 0.85% and a return on equity of 4.25%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. Analysts expect that Express, Inc. will post $0.44 earnings per share for the current fiscal year.
EXPR has been the topic of several research analyst reports. Zacks Investment Research cut Express from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Deutsche Bank AG raised their target price on Express from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, May 31st. BidaskClub cut Express from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. TheStreet cut Express from a “c” rating to a “d+” rating in a report on Thursday, June 1st. Finally, Wolfe Research raised their target price on Express from $6.00 to $10.00 and gave the stock a “peer perform” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.25.
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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