Nomura Holdings Inc. purchased a new stake in shares of Express, Inc. (NYSE:EXPR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,979,759 shares of the company’s stock, valued at approximately $33,597,000. Nomura Holdings Inc. owned approximately 6.35% of Express at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of EXPR. State of Alaska Department of Revenue increased its stake in shares of Express by 77.6% in the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after acquiring an additional 6,711 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Express in the second quarter worth $119,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Express by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after acquiring an additional 620 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Express in the first quarter worth $131,000. Finally, Karp Capital Management Corp acquired a new stake in shares of Express in the first quarter worth $132,000. Institutional investors and hedge funds own 99.23% of the company’s stock.
A number of research firms have recently weighed in on EXPR. Morgan Stanley increased their price objective on shares of Express from $7.50 to $10.50 and gave the stock an “equal weight” rating in a research note on Wednesday, June 14th. FBR & Co reiterated a “hold” rating and issued a $7.00 price objective on shares of Express in a research note on Friday, September 29th. BidaskClub upgraded shares of Express from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $6.00 price objective on shares of Express in a research note on Monday, October 2nd. Finally, BMO Capital Markets set a $7.00 price objective on shares of Express and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Express has an average rating of “Hold” and a consensus price target of $8.25.
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Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. Express had a net margin of 0.85% and a return on equity of 4.25%. The business had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. During the same period in the prior year, the company posted $0.13 EPS. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. Analysts predict that Express, Inc. will post $0.43 earnings per share for the current year.
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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