Shares of Francesca’s Holdings Corp (NASDAQ:FRAN) reached a new 52-week low on Wednesday . The company traded as low as $3.11 and last traded at $3.17, with a volume of 38576 shares trading hands. The stock had previously closed at $3.34.
A number of analysts have recently weighed in on FRAN shares. B. Riley lowered Francesca’s from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $9.00 to $4.00 in a research note on Wednesday, September 12th. Zacks Investment Research lowered Francesca’s from a “buy” rating to a “sell” rating in a research note on Monday, August 20th. ValuEngine lowered Francesca’s from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, BidaskClub lowered Francesca’s from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Francesca’s currently has an average rating of “Hold” and a consensus target price of $5.67.
The company has a market capitalization of $114.83 million, a P/E ratio of 28.82 and a beta of 0.18.
Francesca’s (NASDAQ:FRAN) last announced its quarterly earnings results on Tuesday, September 11th. 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 3.35% and a net margin of 0.12%. The business had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $120.77 million. During the same period in the previous year, the business earned $0.20 EPS. The business’s revenue was down 5.6% compared to the same quarter last year. Research analysts predict that Francesca’s Holdings Corp will post 0.15 EPS for the current year.
In other Francesca’s news, Director Martyn R. Redgrave purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The stock was bought at an average price of $3.93 per share, with a total value of $58,950.00. Following the completion of the purchase, the director now directly owns 70,353 shares of the company’s stock, valued at approximately $276,487.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven Paul Lawrence purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average cost of $4.11 per share, with a total value of $41,100.00. Following the purchase, the chief executive officer now directly owns 209,832 shares of the company’s stock, valued at $862,409.52. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in FRAN. MetLife Investment Advisors LLC purchased a new stake in Francesca’s in the second quarter worth $133,000. First Mercantile Trust Co. purchased a new stake in Francesca’s in the second quarter worth $159,000. Exencial Wealth Advisors LLC lifted its stake in Francesca’s by 58.3% in the second quarter. Exencial Wealth Advisors LLC now owns 21,339 shares of the specialty retailer’s stock worth $161,000 after acquiring an additional 7,855 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in Francesca’s in the second quarter worth $192,000. Finally, Nisa Investment Advisors LLC purchased a new stake in Francesca’s in the second quarter worth $196,000. 96.46% of the stock is owned by institutional investors.
Francesca’s Company Profile (NASDAQ:FRAN)
Francesca's Holdings Corporation, through its subsidiaries, operates a chain of retail boutiques. It offers fashion apparel, jewelry, accessories, and gifts primarily for women between the ages of 18 and 35. The company's apparel products comprise dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry includes necklaces, earrings, bracelets, and rings.
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