Express (NYSE:EXPR) Research Coverage Started at started coverage on shares of Express (NYSE:EXPRGet Rating) in a research note published on Thursday morning. The brokerage issued a sell rating on the stock.

Separately, TheStreet cut shares of Express from a c- rating to a d rating in a research report on Thursday, December 8th.

Express Trading Down 4.1 %

Express stock opened at $0.86 on Thursday. The stock has a market cap of $58.80 million, a P/E ratio of -1.83 and a beta of 1.78. The company has a fifty day simple moving average of $1.06 and a 200-day simple moving average of $1.15. Express has a 12-month low of $0.80 and a 12-month high of $4.02.

Insider Activity at Express

In other news, Director Yehuda Shmidman purchased 5,434,783 shares of the business’s stock in a transaction on Wednesday, January 25th. The shares were bought at an average price of $4.60 per share, with a total value of $25,000,001.80. Following the completion of the transaction, the director now directly owns 5,434,783 shares in the company, valued at approximately $25,000,001.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Towle & Co lifted its holdings in Express by 26.9% in the second quarter. Towle & Co now owns 5,085,263 shares of the company’s stock valued at $9,967,000 after acquiring an additional 1,077,980 shares during the period. Union Square Park Capital Management LLC purchased a new stake in Express during the third quarter worth about $872,000. Morgan Stanley grew its position in Express by 104.2% during the fourth quarter. Morgan Stanley now owns 1,462,590 shares of the company’s stock worth $1,492,000 after buying an additional 746,296 shares during the period. Renaissance Technologies LLC grew its position in Express by 36.7% during the first quarter. Renaissance Technologies LLC now owns 2,648,535 shares of the company’s stock worth $9,429,000 after buying an additional 711,400 shares during the period. Finally, State Street Corp grew its position in Express by 183.0% during the second quarter. State Street Corp now owns 691,032 shares of the company’s stock worth $1,354,000 after buying an additional 446,872 shares during the period. 48.19% of the stock is owned by hedge funds and other institutional investors.

Express Company Profile

(Get Rating)

Express, Inc is a dual gender apparel and accessories brand. It operates retail and outlet stores in the United States and Puerto Rico, located primarily in high-traffic shopping malls, lifestyle centers, outlet centers, and street locations. The company reports results as a single segment, which includes the operation of its Express brick-and-mortar retail and outlet stores, eCommerce operations, and franchise operations.

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