Express, Inc. (NYSE:EXPR) Shares Sold by Mackay Shields LLC

Mackay Shields LLC decreased its position in shares of Express, Inc. (NYSE:EXPR) by 68.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,030 shares of the company’s stock after selling 192,070 shares during the period. Mackay Shields LLC owned 0.13% of Express worth $460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPR. United Services Automobile Association boosted its holdings in shares of Express by 15.7% in the 4th quarter. United Services Automobile Association now owns 28,241 shares of the company’s stock worth $144,000 after acquiring an additional 3,822 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Express by 4.5% in the 4th quarter. Arizona State Retirement System now owns 113,006 shares of the company’s stock worth $577,000 after acquiring an additional 4,899 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Express by 4.3% in the 3rd quarter. Teachers Advisors LLC now owns 148,730 shares of the company’s stock worth $1,645,000 after acquiring an additional 6,126 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Express by 5.2% in the 3rd quarter. Wells Fargo & Company MN now owns 136,870 shares of the company’s stock worth $1,515,000 after acquiring an additional 6,817 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Express by 8.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 96,198 shares of the company’s stock worth $491,000 after acquiring an additional 7,488 shares in the last quarter.

Several research analysts have recently commented on EXPR shares. TheStreet downgraded Express from a “c” rating to a “d+” rating in a report on Thursday, March 14th. Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. ValuEngine raised Express from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Deutsche Bank dropped their price objective on shares of Express from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Monday, March 18th. Finally, Wedbush dropped their price objective on shares of Express from $10.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Express currently has an average rating of “Hold” and a consensus price target of $6.40.

EXPR stock traded up $0.15 during trading on Wednesday, hitting $3.70. The company had a trading volume of 1,730,161 shares, compared to its average volume of 1,926,167. Express, Inc. has a 12 month low of $3.48 and a 12 month high of $11.69. The stock has a market capitalization of $262.72 million, a PE ratio of 11.56 and a beta of 1.08.

Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $628.40 million during the quarter, compared to analysts’ expectations of $629.63 million. Express had a net margin of 0.46% and a return on equity of 3.84%. Express’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. On average, equities research analysts anticipate that Express, Inc. will post -0.16 earnings per share for the current year.

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About Express

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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Institutional Ownership by Quarter for Express (NYSE:EXPR)

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