Investors Purchase High Volume of Call Options on Express (EXPR)
Express, Inc. (NYSE:EXPR) saw some unusual options trading activity on Thursday. Stock investors purchased 3,007 call options on the company. This is an increase of 1,561% compared to the typical volume of 181 call options.
A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Express from a “sell” rating to a “hold” rating in a research note on Friday. Wedbush reduced their price objective on shares of Express from $10.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday. ValuEngine lowered shares of Express from a “sell” rating to a “strong sell” rating in a research note on Friday, December 21st. MKM Partners set a $6.00 price objective on shares of Express and gave the company a “hold” rating in a research note on Thursday, December 6th. Finally, B. Riley set a $7.00 price objective on shares of Express and gave the company a “hold” rating in a research note on Friday, November 30th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.
In related news, major shareholder Contrarius Investment Manageme sold 240,425 shares of Express stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $5.36, for a total transaction of $1,288,678.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.
Shares of EXPR stock opened at $5.35 on Friday. Express has a 52 week low of $4.83 and a 52 week high of $11.69. The company has a market capitalization of $383.76 million, a PE ratio of 14.86 and a beta of 1.19.
Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, November 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Express had a net margin of 1.84% and a return on equity of 5.94%. The firm had revenue of $515.00 million during the quarter, compared to analyst estimates of $505.46 million. During the same period in the previous year, the business posted $0.08 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts anticipate that Express will post 0.3 EPS for the current fiscal 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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