Buckingham Capital Management Inc buys $22,181,745 stake in Express (EXPR)

Express (EXPR) : Buckingham Capital Management Inc scooped up 60,000 additional shares in Express during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 1,148,718 shares of Express which is valued at $22,181,745.Express makes up approximately 1.29% of Buckingham Capital Management Inc’s portfolio.

Express opened for trading at $19.06 and hit $19.44 on the upside on Friday, eventually ending the session at $19.31, with a gain of 1.63% or 0.31 points. The heightened volatility saw the trading volume jump to 27,27,047 shares. Company has a market cap of $1,516 M.

Other Hedge Funds, Including , New York State Teachers Retirement System boosted its stake in EXPR in the latest quarter, The investment management firm added 2,800 additional shares and now holds a total of 56,845 shares of Express which is valued at $1,097,677.Fox Run Management L.l.c. boosted its stake in EXPR in the latest quarter, The investment management firm added 5,900 additional shares and now holds a total of 19,900 shares of Express which is valued at $384,269. Express makes up approx 0.25% of Fox Run Management L.l.c.’s portfolio.Capital One National Association boosted its stake in EXPR in the latest quarter, The investment management firm added 2,266 additional shares and now holds a total of 47,328 shares of Express which is valued at $913,904. Express makes up approx 0.08% of Capital One National Association’s portfolio.Central Trust Co boosted its stake in EXPR in the latest quarter, The investment management firm added 1,674 additional shares and now holds a total of 2,718 shares of Express which is valued at $53,110.Capstone Asset Management Co reduced its stake in EXPR by selling 2,180 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 26,353 shares of EXPR which is valued at $514,938. Express makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Express reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 9, 2016. Analyst had a consensus of $0.65. The company had revenue of $765.60 million for the quarter, compared to analysts expectations of $769.40 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Express. Company shares were Reiterated by UBS on Mar 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 21 from a previous price target of $18 .Company shares were Reiterated by Wedbush on Mar 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 27 from a previous price target of $26 .

Express Inc. is a specialty apparel and accessories retailer offering both women’s and men’s merchandise targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles including work casual jeans wear and going-out occasions. The Company operates one segment which includes the operation of its brick-and-mortar retail and outlet stores e-commerce operations and franchise operations. The Company sells its products through its e-commerce Website www.express.com and has franchise agreements with franchisees that operate Express locations in Latin America the Middle East and South Africa. The Company operates approximately 641 stores across the United States in Canada and in Puerto Rico including 41 factory outlet stores.

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