Hussman Strategic Advisors Inc. Increases Holdings in Express, Inc. (EXPR)

Share on StockTwits

Hussman Strategic Advisors Inc. boosted its position in Express, Inc. (NYSE:EXPR) by 66.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 208,000 shares of the company’s stock after purchasing an additional 83,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Express were worth $2,300,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in EXPR. Clinton Group Inc. bought a new position in shares of Express in the second quarter worth about $118,000. Sun Life Financial INC bought a new position in shares of Express in the second quarter worth about $118,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Express in the second quarter worth about $146,000. Kessler Investment Group LLC bought a new position in shares of Express in the third quarter worth about $179,000. Finally, United Services Automobile Association raised its stake in shares of Express by 54.1% in the second quarter. United Services Automobile Association now owns 24,266 shares of the company’s stock worth $222,000 after buying an additional 8,521 shares during the period.

Several research firms have recently commented on EXPR. SunTrust Banks raised their price objective on Express from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Thursday, July 12th. B. Riley raised their price objective on Express from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. Six investment analysts have rated the stock with a hold rating, Express presently has a consensus rating of “Hold” and a consensus price target of $9.40.

Shares of EXPR opened at $8.81 on Thursday. The company has a market cap of $658.23 million, a P/E ratio of 24.47 and a beta of 0.86. Express, Inc. has a 12-month low of $6.17 and a 12-month high of $11.69.

Express (NYSE:EXPR) last issued its earnings results on Wednesday, August 29th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $493.60 million for the quarter, compared to the consensus estimate of $482.37 million. Express had a return on equity of 5.64% and a net margin of 1.78%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.01 EPS. On average, equities analysts forecast that Express, Inc. will post 0.47 earnings per share for the current fiscal year.

Express Company Profile

Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.

Read More: What are the components of an earnings report?

Want to see what other hedge funds are holding EXPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Express, Inc. (NYSE:EXPR).

Institutional Ownership by Quarter for Express (NYSE:EXPR)

Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply