Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s (dated 2018-9-30). This week we’ll take a look at:
Express, Inc. (NYSE: EXPR)
Express, Inc. (Express) is a specialty apparel retailer targeting men and women between 20 and 30 years old. The company operates around hundreds of stores in North America and has franchisees in Latin America, the Middle East, and South Africa. It also sells through its e-commerce website and its mobile app. Most apparel is designed in-house and manufactured by third parties located primarily in Asia and South and Central America. The company uses third-party distribution centers in Ohio and Kentucky to receive and distribute most products. Express leases all of its retail stores, most of which are located in shopping malls.
A quick look at the price chart below for Express shows us that the stock is down 26% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 4.71 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Express include:
Cliff Asness – 687,609 total shares
Lee Ainslie – 650,077 total shares
Jim Simons – 409,405 total shares
Ken Griffin – 146,514 total shares
Steve Cohen – 130,000 total shares
Joel Greenblatt – 90,409 total shares
Bill Miller – 24,580 total shares
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