Express, Inc. (EXPR) Position Boosted by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in shares of Express, Inc. (NYSE:EXPR) by 15.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 347,800 shares of the company’s stock after buying an additional 47,700 shares during the period. California Public Employees Retirement System owned 0.44% of Express worth $3,168,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its position in shares of Express by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the company’s stock valued at $291,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System raised its position in shares of Express by 1.2% in the first quarter. Arizona State Retirement System now owns 40,900 shares of the company’s stock valued at $373,000 after buying an additional 500 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 18,335 shares of the company’s stock valued at $167,000 after buying an additional 1,202 shares in the last quarter. Premier Fund Managers Ltd raised its position in shares of Express by 0.9% in the first quarter. Premier Fund Managers Ltd now owns 155,778 shares of the company’s stock valued at $1,450,000 after buying an additional 1,428 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Express by 2.8% in the first quarter. BNP Paribas Arbitrage SA now owns 52,308 shares of the company’s stock valued at $477,000 after buying an additional 1,433 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors.

Shares of Express, Inc. (NYSE:EXPR) traded up 4.85% during mid-day trading on Wednesday, hitting $5.84. The stock had a trading volume of 2,309,905 shares. Express, Inc. has a 1-year low of $5.51 and a 1-year high of $16.38. The firm has a market capitalization of $458.12 million, a price-to-earnings ratio of 11.45 and a beta of 1.44. The stock’s 50-day moving average is $6.28 and its 200 day moving average is $8.20.

Express (NYSE:EXPR) last released its quarterly earnings results on Thursday, June 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. Express had a return on equity of 5.83% and a net margin of 1.85%. The company had revenue of $467.03 million during the quarter, compared to the consensus estimate of $468 million. During the same period in the previous year, the company earned $0.25 earnings per share. Express’s quarterly revenue was down 7.1% on a year-over-year basis. Equities research analysts predict that Express, Inc. will post $0.42 EPS for the current fiscal year.

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Several research analysts recently issued reports on EXPR shares. TheStreet lowered Express from a “c” rating to a “d+” rating in a research report on Thursday, June 1st. Morgan Stanley raised their target price on Express from $7.50 to $10.50 and gave the stock an “equal weight” rating in a research report on Wednesday, June 14th. BMO Capital Markets set a $7.00 target price on Express and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Deutsche Bank AG raised their target price on Express from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Finally, Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Express presently has a consensus rating of “Hold” and a consensus target price of $10.63.

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.

Institutional Ownership by Quarter for Express (NYSE:EXPR)

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