Express Target of Unusually High Options Traded (EXPR)

Express Target of Unusually High Options Traded (EXPR)

Express, Inc. (NYSE:EXPR) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 16,002 call options on the stock. This represents an increase of approximately 238% compared to the typical volume of 4,729 call options.

Several research firms have issued reports on EXPR. Wolfe Research increased their price objective on Express from $6.00 to $10.00 and gave the stock a “peer perform” rating in a research report on Friday. BMO Capital Markets reiterated a “hold” rating and issued a $7.00 price objective on shares of Express in a research report on Friday. FBR & Co reiterated a “hold” rating and issued a $9.00 price objective on shares of Express in a research report on Wednesday, March 15th. MKM Partners reiterated a “neutral” rating and issued a $10.00 price objective (down previously from $11.00) on shares of Express in a research report on Monday, March 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $9.00 price objective (down previously from $11.00) on shares of Express in a research report on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.40.

Express (NYSE EXPR) traded down 0.32% during mid-day trading on Friday, reaching $6.25. The company’s stock had a trading volume of 6,962,754 shares. The firm has a 50 day moving average price of $8.22 and a 200-day moving average price of $10.13. Express has a 1-year low of $5.96 and a 1-year high of $16.38. The company has a market capitalization of $490.09 million, a PE ratio of 8.56 and a beta of 1.57.

Express (NYSE:EXPR) last posted its quarterly earnings data on Thursday, June 1st. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. Express had a return on equity of 15.68% and a net margin of 3.98%. The firm had revenue of $467.03 million during the quarter, compared to the consensus estimate of $468 million. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities analysts predict that Express will post $0.63 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Express by 19.9% in the third quarter. BlackRock Inc. now owns 24,547 shares of the company’s stock worth $289,000 after buying an additional 4,067 shares in the last quarter. Rhumbline Advisers increased its stake in Express by 8.5% in the third quarter. Rhumbline Advisers now owns 115,293 shares of the company’s stock worth $1,359,000 after buying an additional 9,021 shares in the last quarter. BlackRock Group LTD increased its stake in Express by 7.7% in the third quarter. BlackRock Group LTD now owns 158,473 shares of the company’s stock worth $1,869,000 after buying an additional 11,308 shares in the last quarter. Emerald Acquisition Ltd. increased its stake in Express by 4,027.5% in the third quarter. Emerald Acquisition Ltd. now owns 322,853 shares of the company’s stock worth $3,807,000 after buying an additional 315,031 shares in the last quarter. Finally, Premier Fund Managers Ltd purchased a new stake in Express during the third quarter worth approximately $1,797,000. 96.11% of the stock is currently owned by institutional investors.

About Express

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EXPR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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