Express INC (EXPR) Holder Okumus Fund Management LTD Has Lowered Its Position by $17.98 Million

January 20, 2018 - By Maria Brooks

Ahmet Okumus decreased its stake in Express Inc (EXPR) by 71.04% based on its latest 2017Q3 regulatory filing with the SEC. Okumus Fund Management Ltd sold 3.00M shares as the company’s stock declined 33.22% while stock markets rallied. The hedge fund run by Ahmet Okumus held 1.22 million shares of the consumer services company at the end of 2017Q3, valued at $8.26M, down from 4.22M at the end of the previous reported quarter. Okumus Fund Management Ltd who had been investing in Express Inc for a number of months, seems to be less bullish one the $572.41M market cap company. The stock increased 2.19% or $0.16 during the last trading session, reaching $7.45. About 1.84M shares traded. Express, Inc. (NYSE:EXPR) has declined 53.00% since January 20, 2017 and is downtrending. It has underperformed by 69.70% the S&P500.

Analysts await Express, Inc. (NYSE:EXPR) to report earnings on March, 14. They expect $0.42 earnings per share, up 44.83 % or $0.13 from last year’s $0.29 per share. EXPR’s profit will be $32.27M for 4.43 P/E if the $0.42 EPS becomes a reality. After $0.08 actual earnings per share reported by Express, Inc. for the previous quarter, Wall Street now forecasts 425.00 % EPS growth.

More recent Express, Inc. (NYSE:EXPR) news were published by: Businesswire.com which released: “Express, Inc. Announces Participation in 20” on January 03, 2018. Also Fool.com published the news titled: “Why Express, Inc. Stock Plunged on Tuesday” on January 10, 2018. Businesswire.com‘s news article titled: “Express, Inc. Updates Outlook for the Fourth Quarter and Full Year 2017 in …” with publication date: January 09, 2018 was also an interesting one.

Express, Inc. (NYSE:EXPR) Ratings Coverage

Among 18 analysts covering Express Inc. (NYSE:EXPR), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Express Inc. has $26 highest and $6.0 lowest target. $15.42’s average target is 106.98% above currents $7.45 stock price. Express Inc. had 38 analyst reports since August 5, 2015 according to SRatingsIntel. BlueFin Research upgraded the shares of EXPR in report on Wednesday, August 5 to “Outperform” rating. On Thursday, August 27 the stock rating was maintained by SunTrust with “Neutral”. Mizuho maintained Express, Inc. (NYSE:EXPR) on Wednesday, August 26 with “Buy” rating. M Partners initiated it with “Neutral” rating and $22 target in Thursday, September 17 report. BB&T Capital initiated the shares of EXPR in report on Friday, August 14 with “Hold” rating. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, August 8. Susquehanna maintained the shares of EXPR in report on Thursday, August 27 with “Positive” rating. FBR Capital maintained it with “Mkt Perform” rating and $12 target in Friday, December 2 report. Wolfe Research maintained the shares of EXPR in report on Thursday, August 25 with “Peer Perform” rating. Mizuho maintained Express, Inc. (NYSE:EXPR) rating on Wednesday, August 24. Mizuho has “Buy” rating and $14 target.

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