Investors Buy Large Volume of Put Options on Express (EXPR)
Express, Inc. (NYSE:EXPR) saw unusually large options trading on Wednesday. Investors purchased 3,922 put options on the company. This is an increase of 1,141% compared to the average volume of 316 put options.
A number of large investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in Express by 32.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 445,663 shares of the company’s stock valued at $3,012,000 after buying an additional 110,287 shares during the period. Westport Asset Management Inc. acquired a new position in Express during the third quarter valued at $608,000. California Public Employees Retirement System raised its position in Express by 31.1% during the third quarter. California Public Employees Retirement System now owns 519,680 shares of the company’s stock valued at $3,513,000 after buying an additional 123,380 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Express during the third quarter valued at $215,000. Finally, Point72 Asset Management L.P. raised its position in Express by 11.7% during the third quarter. Point72 Asset Management L.P. now owns 150,700 shares of the company’s stock valued at $1,019,000 after buying an additional 15,800 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on EXPR. B. Riley reaffirmed a “neutral” rating on shares of Express in a research report on Wednesday, November 1st. BMO Capital Markets set a $10.00 target price on Express and gave the stock a “hold” rating in a research report on Friday. SunTrust Banks set a $10.00 target price on Express and gave the stock a “hold” rating in a research report on Friday. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, FBR & Co reaffirmed a “hold” rating and set a $7.00 target price on shares of Express in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.85.
Express (NYSE:EXPR) last posted its quarterly earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. Express had a return on equity of 3.85% and a net margin of 0.60%. Express’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. equities research analysts anticipate that Express will post 0.45 EPS for the current fiscal year.
Express Company Profile
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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