Express (NYSE:EXPR) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of Express (NYSE:EXPR – Get Rating) in a report issued on Thursday. The brokerage set a “sell” rating on the stock.

Separately, TheStreet downgraded Express from a “c-” rating to a “d” rating in a research note on Thursday, December 8th.

Express Trading Down 1.1 %

Shares of EXPR opened at $0.88 on Thursday. The stock has a market capitalization of $60.06 million, a P/E ratio of -1.87 and a beta of 1.78. The firm’s fifty day simple moving average is $1.07 and its two-hundred day simple moving average is $1.17. Express has a 12 month low of $0.80 and a 12 month high of $4.02.

Insiders Place Their Bets

In other Express news, Director Yehuda Shmidman bought 5,434,783 shares of the stock in a transaction on Wednesday, January 25th. The stock was acquired at an average cost of $4.60 per share, for a total transaction of $25,000,001.80. Following the completion of the acquisition, the director now owns 5,434,783 shares in the company, valued at approximately $25,000,001.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Express

A number of hedge funds have recently added to or reduced their stakes in EXPR. Millennium Management LLC bought a new stake in shares of Express during the fourth quarter valued at approximately $40,000. Morgan Stanley increased its holdings in shares of Express by 104.2% during the fourth quarter. Morgan Stanley now owns 1,462,590 shares of the company’s stock valued at $1,492,000 after acquiring an additional 746,296 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Express during the fourth quarter valued at approximately $51,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Express by 24.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,652 shares of the company’s stock valued at $72,000 after acquiring an additional 13,792 shares in the last quarter. Finally, Alpine Global Management LLC bought a new stake in shares of Express during the fourth quarter valued at approximately $123,000. 48.19% of the stock is currently owned by institutional investors.

About Express

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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.