Employees Retirement System of Texas Has $1,222,000 Holdings in Express, Inc. (EXPR)
Employees Retirement System of Texas maintained its position in shares of Express, Inc. (NYSE:EXPR) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 181,000 shares of the company’s stock at the end of the 2nd quarter. Employees Retirement System of Texas owned 0.23% of Express worth $1,222,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Express by 77.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after buying an additional 6,711 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Express during the 2nd quarter valued at about $119,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Express by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock valued at $125,000 after purchasing an additional 620 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Express during the 1st quarter valued at about $131,000. Finally, Karp Capital Management Corp bought a new position in shares of Express during the 1st quarter valued at about $132,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.
Shares of Express, Inc. (EXPR) opened at 5.90 on Friday. The company has a 50-day moving average of $6.57 and a 200-day moving average of $7.05. The stock has a market capitalization of $464.84 million, a price-to-earnings ratio of 25.65 and a beta of 1.47. Express, Inc. has a 52-week low of $5.28 and a 52-week high of $14.39.
Express (NYSE:EXPR) last announced its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The business 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 business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. Equities research analysts anticipate that Express, Inc. will post $0.43 EPS for the current year.
EXPR has been the subject of several research reports. BidaskClub raised shares of Express from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. SunTrust Banks, Inc. reissued a “hold” rating and set a $6.00 price objective on shares of Express in a report on Monday, October 2nd. FBR & Co reissued a “hold” rating and set a $7.00 price objective on shares of Express in a report on Friday, September 29th. Finally, BMO Capital Markets reissued a “hold” rating and set a $7.00 price objective on shares of Express in a report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.25.
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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.
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