Express Target of Unusually Large Options Trading (EXPR)

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Express, Inc. (NYSE:EXPR) saw unusually large options trading on Thursday. Stock traders purchased 3,007 call options on the stock. This represents an increase of approximately 1,561% compared to the typical daily volume of 181 call options.

EXPR has been the topic of several research analyst reports. MKM Partners set a $6.00 price target on Express and gave the stock a “hold” rating in a research note on Thursday, December 6th. B. Riley set a $7.00 target price on Express and gave the company a “hold” rating in a research note on Friday, November 30th. Zacks Investment Research lowered Express from a “buy” rating to a “hold” rating in a research note on Tuesday, December 4th. ValuEngine lowered Express from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Finally, Wedbush reduced their price target on Express from $10.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.00.

In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $5.36, for a total transaction of $1,288,678.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its holdings in Express by 4.3% in the 3rd quarter. Teachers Advisors LLC now owns 148,730 shares of the company’s stock valued at $1,645,000 after purchasing an additional 6,126 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Express by 5.2% in the 3rd quarter. Wells Fargo & Company MN now owns 136,870 shares of the company’s stock valued at $1,515,000 after purchasing an additional 6,817 shares in the last quarter. United Services Automobile Association increased its holdings in Express by 54.1% in the 2nd quarter. United Services Automobile Association now owns 24,266 shares of the company’s stock valued at $222,000 after purchasing an additional 8,521 shares in the last quarter. SG Americas Securities LLC increased its holdings in Express by 71.9% in the 3rd quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock valued at $227,000 after purchasing an additional 8,585 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Express by 3.7% in the 3rd quarter. Legal & General Group Plc now owns 261,501 shares of the company’s stock valued at $2,891,000 after purchasing an additional 9,254 shares in the last quarter.

EXPR stock opened at $5.13 on Friday. The firm has a market cap of $383.76 million, a PE ratio of 14.25 and a beta of 1.19. Express has a 52 week low of $4.83 and a 52 week high of $11.69.

Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, November 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $515.00 million during the quarter, compared to the consensus estimate of $505.46 million. Express had a return on equity of 5.94% and a net margin of 1.84%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. Research analysts predict that Express will post 0.3 earnings per share for the current year.

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Express Company Profile

Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.

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