JPMorgan Chase & Co. decreased its position in Express, Inc. (NYSE:EXPR) by 30.1% in the 1st quarter, Holdings Channel reports. The firm owned 1,423,218 shares of the company’s stock after selling 611,937 shares during the period. JPMorgan Chase & Co.’s holdings in Express were worth $6,092,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spark Investment Management LLC boosted its holdings in Express by 8.3% in the 1st quarter. Spark Investment Management LLC now owns 1,740,800 shares of the company’s stock valued at $7,450,000 after purchasing an additional 133,600 shares during the period. Quinn Opportunity Partners LLC boosted 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 valued at $5,392,000 after purchasing an additional 1,066,420 shares during the period. Everence Capital Management Inc. bought a new stake in Express in the 1st quarter valued at $94,000. Systematic Financial Management LP boosted its holdings in Express by 21.8% in the 1st quarter. Systematic Financial Management LP now owns 199,665 shares of the company’s stock valued at $855,000 after purchasing an additional 35,675 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Express by 70.3% in the 1st quarter. Victory Capital Management Inc. now owns 45,613 shares of the company’s stock valued at $195,000 after purchasing an additional 18,823 shares during the period.
A number of analysts have weighed in on EXPR shares. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. ValuEngine downgraded shares of Express from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. Wedbush reduced their price target on shares of Express from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. TheStreet downgraded shares of Express from a “c” rating to a “d+” rating in a report on Thursday, March 14th. Finally, Deutsche Bank reduced their price target on shares of Express from $7.00 to $5.00 and set a “hold” rating for the company in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.46.
Shares of Express stock opened at $2.71 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.97 and a debt-to-equity ratio of 1.84. Express, Inc. has a fifty-two week low of $2.52 and a fifty-two week high of $11.69. The firm has a market capitalization of $176.23 million, a price-to-earnings ratio of 14.56 and a beta of 1.13.
Express (NYSE:EXPR) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.16. The firm had revenue of $451.30 million during the quarter, compared to the consensus estimate of $429.41 million. Express had a negative net margin of 0.04% and a positive return on equity of 2.20%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. On average, equities research analysts expect that Express, Inc. will post -0.11 earnings per share for the current fiscal year.
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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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