Express, Inc. (NYSE:EXPR) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 29,601 put options on the company. This is an increase of approximately 1,363% compared to the typical daily volume of 2,024 put options.
Shares of EXPR opened at $9.55 on Thursday. Express has a 52 week low of $0.57 and a 52 week high of $13.97. The stock has a market capitalization of $620.25 million, a price-to-earnings ratio of -1.24 and a beta of 3.09. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.41 and a current ratio of 0.96. The stock has a fifty day moving average of $1.21 and a 200-day moving average of $1.05.
Express (NYSE:EXPR) last announced its earnings results on Wednesday, December 2nd. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.51) by ($0.66). The company had revenue of $322.06 million for the quarter, compared to the consensus estimate of $364.59 million. Express had a negative return on equity of 119.08% and a negative net margin of 35.66%. As a group, equities analysts forecast that Express will post -4.88 EPS for the current year.
EXPR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Express from a "hold" rating to a "sell" rating in a report on Tuesday, December 8th. B. Riley increased their price target on Express from $1.00 to $1.50 and gave the company a "neutral" rating in a research note on Friday, January 15th.
A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in Express by 76.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,427 shares of the company's stock worth $41,000 after purchasing an additional 28,847 shares during the last quarter. Paloma Partners Management Co bought a new position in Express during the 3rd quarter worth $58,000. Jane Street Group LLC bought a new position in Express during the 3rd quarter worth $253,000. Squarepoint Ops LLC raised its position in Express by 281.4% during the 3rd quarter. Squarepoint Ops LLC now owns 354,034 shares of the company's stock worth $216,000 after purchasing an additional 261,213 shares during the last quarter. Finally, Quinn Opportunity Partners LLC grew its holdings in Express by 2.5% during the 3rd quarter. Quinn Opportunity Partners LLC now owns 2,749,951 shares of the company's stock worth $1,677,000 after acquiring an additional 67,602 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.
Express Company Profile
Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for various occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America. As of October 31, 2020, it operated 592 stores comprising 378 retail stores and 214 factory outlet stores in the United States and Puerto Rico, as well as an online store.
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20 Stocks Analysts Can't Stop Upgrading
As you know, a single upgrade from a broker probably won't be a major game-changer for any single stock. But, what if there was a stock that had been upgraded by more than 10 different brokers during the last 90 days?
If ten different brokers have all upgraded a stock within the last few months and the price hasn't skyrocketed (at least, not yet), you would want to take a pretty hard look at it.
It turns out that there are actually 20 different companies that have been upgraded or had their price target increased at least ten times during the last ninety days by more than 10 different brokers. This slideshow lists those companies.
View the "20 Stocks Analysts Can't Stop Upgrading".