Investors Purchase Large Volume of Put Options on Express (EXPR)
Express, Inc. (NYSE:EXPR) was the target of unusually large options trading on Wednesday. Stock traders acquired 3,922 put options on the company. This is an increase of 1,141% compared to the typical daily volume of 316 put options.
Express (NYSE:EXPR) opened at $10.14 on Friday. Express has a one year low of $5.28 and a one year high of $12.40. The stock has a market cap of $767.53, a P/E ratio of 31.42 and a beta of 1.53.
Express (NYSE:EXPR) last posted its earnings results on Thursday, November 30th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. Express had a net margin of 0.60% and a return on equity of 3.85%. The company had revenue of $498.70 million during the quarter, compared to analysts’ expectations of $487.38 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. Express’s quarterly revenue was down 1.5% compared to the same quarter last year. equities analysts expect that Express will post 0.45 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of EXPR. BlackRock Inc. raised its stake in shares of Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock valued at $91,425,000 after acquiring an additional 10,016,363 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Express in the second quarter valued at approximately $33,597,000. Majedie Asset Management Ltd bought a new position in shares of Express in the third quarter valued at approximately $11,427,000. Renaissance Technologies LLC raised its stake in shares of Express by 478.1% in the second quarter. Renaissance Technologies LLC now owns 1,879,300 shares of the company’s stock valued at $12,685,000 after acquiring an additional 1,554,200 shares during the last quarter. Finally, Contrarius Investment Management Ltd bought a new position in shares of Express in the third quarter valued at approximately $10,191,000. Institutional investors own 98.60% of the company’s stock.
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.
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