Francesca’s (NASDAQ:FRAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
According to Zacks, “Francesca’s Holdings Corporation is a specialty retailer of women’s apparel products. The Company operates a chain of retail boutiques in the United States. It offers apparel, jewelry, accessories, and gifts to female customers. The company also sells its products through e-commerce Website, francescascollections.com. Francesca’s Holdings Corporation is headquartered in Houston, Texas. “
A number of other equities analysts have also recently commented on FRAN. FBR & Co set a $10.00 price target on Francesca’s and gave the stock a “hold” rating in a report on Tuesday, August 15th. BidaskClub cut Francesca’s from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Jefferies Group set a $9.00 price target on Francesca’s and gave the stock a “hold” rating in a report on Monday, August 21st. SunTrust Banks reduced their price target on Francesca’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, August 22nd. Finally, KeyCorp reiterated a “hold” rating on shares of Francesca’s in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.33.
Shares of Francesca’s (NASDAQ:FRAN) traded down $0.38 during midday trading on Thursday, hitting $6.14. The stock had a trading volume of 3,145,879 shares, compared to its average volume of 1,039,808. Francesca’s has a 12 month low of $6.11 and a 12 month high of $22.39. The company has a market cap of $254.94, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.59 and a beta of 0.23.
Francesca’s (NASDAQ:FRAN) last posted its quarterly earnings results on Tuesday, December 5th. The specialty retailer reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Francesca’s had a return on equity of 23.03% and a net margin of 5.52%. The business had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.02 million. During the same quarter in the previous year, the business posted $0.23 EPS. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. research analysts anticipate that Francesca’s will post 0.67 EPS for the current year.
A number of hedge funds have recently modified their holdings of FRAN. Paradigm Capital Management Inc. NY lifted its position in Francesca’s by 152.8% during the third quarter. Paradigm Capital Management Inc. NY now owns 1,935,300 shares of the specialty retailer’s stock worth $14,244,000 after acquiring an additional 1,169,786 shares during the last quarter. Renaissance Technologies LLC lifted its position in Francesca’s by 54.7% during the second quarter. Renaissance Technologies LLC now owns 1,467,706 shares of the specialty retailer’s stock worth $16,057,000 after acquiring an additional 519,206 shares during the last quarter. Boston Partners acquired a new stake in Francesca’s during the second quarter worth approximately $4,979,000. Vanguard Group Inc. raised its position in shares of Francesca’s by 11.5% in the second quarter. Vanguard Group Inc. now owns 3,900,598 shares of the specialty retailer’s stock valued at $42,673,000 after buying an additional 402,270 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Francesca’s by 8,143.2% in the second quarter. Schroder Investment Management Group now owns 362,700 shares of the specialty retailer’s stock valued at $4,055,000 after buying an additional 358,300 shares in the last quarter.
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Francesca’s Holdings Corporation is a holding company. The Company is a specialty retailer, which operates a chain of boutiques across the United States. The Company offers a mix of apparel, jewelry, accessories and gifts. As of January 28, 2017, the Company operated 671 boutiques in 48 states and the District of Columbia, and also served its customers through www.francescas.com, its e-commerce Website.
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