Trading Report: The Mason Street Advisors LLC Invests $194,000 in Express, Inc. (EXPR)

The Mason Street Advisors LLC Invests $194,000 in Express, Inc. (EXPR)

Mason Street Advisors LLC purchased a new position in Express, Inc. (NYSE:EXPR) during the second quarter, Holdings Channel reports. The institutional investor purchased 13,382 shares of the company’s stock, valued at approximately $194,000.

Other large investors have also bought and sold shares of the company. Prudential Financial Inc. boosted its position in shares of Express by 612.3% in the second quarter. Prudential Financial Inc. now owns 2,700,171 shares of the company’s stock worth $39,180,000 after buying an additional 2,321,080 shares in the last quarter. Royce & Associates LP purchased a new position in shares of Express during the first quarter worth about $33,517,000. TIAA CREF Investment Management LLC boosted its position in shares of Express by 285.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,883,415 shares of the company’s stock worth $40,324,000 after buying an additional 1,394,451 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Express during the second quarter worth about $13,115,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Express by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,210,776 shares of the company’s stock worth $61,098,000 after buying an additional 479,749 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Express, Inc. (NYSE:EXPR) opened at 12.61 on Thursday. The firm has a market capitalization of $993.63 million, a P/E ratio of 9.75 and a beta of 1.56. The company has a 50 day moving average of $11.97 and a 200 day moving average of $15.19. Express, Inc. has a 1-year low of $11.28 and a 1-year high of $21.57.

Express (NYSE:EXPR) last announced its earnings results on Wednesday, August 24th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $504.80 million for the quarter, compared to the consensus estimate of $520.81 million. Express had a net margin of 4.55% and a return on equity of 18.62%. Express’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 EPS. On average, equities research analysts anticipate that Express, Inc. will post $1.05 earnings per share for the current year.

A number of research analysts recently issued reports on EXPR shares. Nomura restated a “buy” rating and set a $14.00 price objective on shares of Express in a report on Tuesday, September 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $15.00 price target on shares of Express in a report on Wednesday, September 7th. FBR & Co reduced their price target on shares of Express from $18.00 to $13.00 and set a “market perform” rating for the company in a report on Thursday, August 25th. Wolfe Research reduced their price target on shares of Express from $15.00 to $13.00 and set a “peer perform” rating for the company in a report on Thursday, August 25th. Finally, BMO Capital Markets reduced their price target on shares of Express from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.53.

About Express

Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions.

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