JPMorgan Chase & Co. raised its holdings in Express, Inc. (NYSE:EXPR) by 204.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,245,987 shares of the company’s stock after acquiring an additional 836,893 shares during the period. JPMorgan Chase & Co. owned 1.70% of Express worth $13,781,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in EXPR. Sun Life Financial INC acquired a new stake in shares of Express during the 2nd quarter worth $118,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Express during the 2nd quarter worth $146,000. Kessler Investment Group LLC acquired a new stake in shares of Express during the 3rd quarter worth $179,000. United Services Automobile Association increased its holdings in shares of Express by 54.1% during the 2nd 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 last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Express by 71.9% during the 3rd quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock worth $227,000 after buying an additional 8,585 shares during the last quarter.
A number of research firms have recently commented on EXPR. MKM Partners set a $6.00 price objective on Express and gave the stock a “hold” rating in a report on Thursday. Zacks Investment Research downgraded Express from a “buy” rating to a “hold” rating in a report on Tuesday. B. Riley set a $7.00 price objective on Express and gave the stock a “hold” rating in a report on Friday, November 30th. Finally, ValuEngine downgraded Express from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.20.
EXPR stock opened at $5.84 on Friday. The firm has a market cap of $454.23 million, a PE ratio of 12.63 and a beta of 1.01. Express, Inc. has a 52 week low of $5.66 and a 52 week high of $11.69.
Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, November 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Express had a return on equity of 5.94% and a net margin of 1.84%. The business had revenue of $515.00 million during the quarter, compared to the consensus estimate of $505.46 million. During the same period in the prior year, the firm posted $0.08 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts predict that Express, Inc. will post 0.35 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “JPMorgan Chase & Co. Has $13.78 Million Holdings in Express, Inc. (EXPR)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/12/08/jpmorgan-chase-co-has-13-78-million-holdings-in-express-inc-expr.html.
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: Are all No-Load Funds Equal?
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).
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.