Quantitative Systematic Strategies LLC Has $248,000 Position in Express, Inc. (EXPR)

Quantitative Systematic Strategies LLC trimmed its position in Express, Inc. (NYSE:EXPR) by 88.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,437 shares of the company’s stock after selling 181,515 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Express were worth $248,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in Express by 6.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,848 shares of the company’s stock valued at $418,000 after buying an additional 3,663 shares during the last quarter. Voya Investment Management LLC grew its position in Express by 15.6% in the 2nd quarter. Voya Investment Management LLC now owns 33,207 shares of the company’s stock valued at $224,000 after buying an additional 4,480 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Express by 9.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 53,339 shares of the company’s stock valued at $360,000 after buying an additional 4,669 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Express by 29.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after buying an additional 4,722 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in Express by 4.3% in the 2nd quarter. Teachers Advisors LLC now owns 137,208 shares of the company’s stock valued at $926,000 after buying an additional 5,714 shares during the last quarter. Hedge funds and other institutional investors own 99.05% of the company’s stock.

A number of research firms recently weighed in on EXPR. B. Riley reiterated a “neutral” rating on shares of Express in a research report on Wednesday, November 1st. BMO Capital Markets set a $10.00 price objective on shares of Express and gave the company a “hold” rating in a research report on Friday, December 1st. SunTrust Banks set a $10.00 target price on shares of Express and gave the stock a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of Express from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Finally, TheStreet upgraded shares of Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Express has a consensus rating of “Hold” and a consensus price target of $8.88.

Shares of Express, Inc. (NYSE EXPR) opened at $7.14 on Friday. The company has a market cap of $539.84, a price-to-earnings ratio of 44.63 and a beta of 1.03. Express, Inc. has a 1 year low of $5.28 and a 1 year high of $11.69.

Express (NYSE:EXPR) last issued its earnings results on Thursday, November 30th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. Express had a net margin of 0.60% and a return on equity of 3.85%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. analysts forecast that Express, Inc. will post 0.34 EPS for the current year.

Express declared that its board has initiated a stock repurchase program on Thursday, November 30th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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Express 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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Institutional Ownership by Quarter for Express (NYSE:EXPR)

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