Teacher Retirement System of Texas Sells 8,384 Shares of Express, Inc. (EXPR)

Teacher Retirement System of Texas cut its holdings in shares of Express, Inc. (NYSE:EXPR) by 32.5% during the 1st quarter, Holdings Channel reports. The firm owned 17,440 shares of the company’s stock after selling 8,384 shares during the quarter. Teacher Retirement System of Texas’ holdings in Express were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Contrarius Investment Management Ltd lifted its holdings in Express by 52.9% during the first quarter. Contrarius Investment Management Ltd now owns 5,876,362 shares of the company’s stock valued at $42,075,000 after purchasing an additional 2,032,700 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Express by 160.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,855,245 shares of the company’s stock valued at $28,981,000 after purchasing an additional 1,759,242 shares during the last quarter. Harvest Capital Strategies LLC lifted its holdings in Express by 96.2% during the fourth quarter. Harvest Capital Strategies LLC now owns 2,550,000 shares of the company’s stock valued at $25,883,000 after purchasing an additional 1,250,000 shares during the last quarter. Millennium Management LLC lifted its holdings in Express by 221.9% during the fourth quarter. Millennium Management LLC now owns 1,775,507 shares of the company’s stock valued at $18,021,000 after purchasing an additional 1,223,980 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in Express by 6.7% during the first quarter. LSV Asset Management now owns 1,540,173 shares of the company’s stock valued at $11,027,000 after purchasing an additional 97,000 shares during the last quarter.

EXPR has been the topic of a number of recent analyst reports. ValuEngine raised shares of Express from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Zacks Investment Research raised shares of Express from a “strong sell” rating to a “hold” rating in a report on Monday, May 21st. Finally, Wedbush initiated coverage on shares of Express in a report on Thursday, May 10th. They issued a “neutral” rating and a $9.00 price target on the stock. Eight analysts have rated the stock with a hold rating, Express has an average rating of “Hold” and a consensus price target of $8.83.

Shares of Express opened at $9.73 on Friday, MarketBeat.com reports. Express, Inc. has a 12-month low of $5.28 and a 12-month high of $11.34. The stock has a market capitalization of $729.59 million, a PE ratio of 22.25 and a beta of 0.89.

Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, May 31st. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Express had a net margin of 1.14% and a return on equity of 5.39%. The firm had revenue of $479.40 million for the quarter, compared to the consensus estimate of $460.78 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. research analysts predict that Express, Inc. will post 0.42 EPS for the current year.

In related news, EVP James A. Hilt sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $9.41, for a total value of $103,510.00. Following the sale, the executive vice president now directly owns 102,557 shares of the company’s stock, valued at $965,061.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

Express 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.

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Institutional Ownership by Quarter for Express (NYSE:EXPR)

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