BNP Paribas Arbitrage SA cut its holdings in Express, Inc. (NYSE:EXPR) by 27.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,559 shares of the company’s stock after selling 9,930 shares during the period. BNP Paribas Arbitrage SA’s holdings in Express were worth $73,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Spark Investment Management LLC raised its stake in shares of Express by 8.3% during the first quarter. Spark Investment Management LLC now owns 1,740,800 shares of the company’s stock valued at $7,450,000 after acquiring an additional 133,600 shares during the last quarter. Quinn Opportunity Partners LLC raised its holdings in Express by 551.5% in the 1st quarter. Quinn Opportunity Partners LLC now owns 1,259,795 shares of the company’s stock worth $5,392,000 after purchasing an additional 1,066,420 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Express by 41.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 825,128 shares of the company’s stock valued at $3,532,000 after purchasing an additional 243,709 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Express during the first quarter valued at about $2,664,000. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in Express in the first quarter worth about $1,662,000.
A number of research firms have recently commented on EXPR. MKM Partners set a $3.00 target price on Express and gave the company a “hold” rating in a research note on Thursday, August 29th. B. Riley set a $4.00 price objective on shares of Express and gave the stock a “hold” rating in a research note on Tuesday, August 20th. ValuEngine raised Express from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Wedbush cut their target price on Express from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 27th. Finally, Zacks Investment Research lowered shares of Express from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $3.40.
EXPR stock traded up $0.04 during trading on Wednesday, reaching $3.11. The stock had a trading volume of 49,539 shares, compared to its average volume of 1,299,760. Express, Inc. has a 52 week low of $1.83 and a 52 week high of $11.32. The stock’s 50 day moving average is $2.16 and its two-hundred day moving average is $3.24. The firm has a market cap of $191.02 million, a PE ratio of 9.61 and a beta of 0.91. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 1.78.
Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $472.70 million for the quarter, compared to the consensus estimate of $458.67 million. Express had a positive return on equity of 0.34% and a negative net margin of 0.62%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. On average, research analysts anticipate that Express, Inc. will post -0.24 EPS for the current year.
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.
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