B. Riley set a $2.00 target price on Francesca’s (NASDAQ:FRAN) in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a hold rating on the specialty retailer’s stock.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Francesca’s from a sell rating to a hold rating in a report on Thursday, August 30th. ValuEngine upgraded shares of Francesca’s from a hold rating to a buy rating in a report on Wednesday, August 15th. Finally, BidaskClub upgraded shares of Francesca’s from a hold rating to a buy rating in a report on Thursday, August 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $5.00.
Shares of FRAN traded down $0.20 during mid-day trading on Wednesday, reaching $1.27. The company had a trading volume of 41,931 shares, compared to its average volume of 1,376,389. Francesca’s has a 52 week low of $1.43 and a 52 week high of $8.48. The stock has a market cap of $54.33 million, a P/E ratio of 2.42 and a beta of 0.32.
Francesca’s (NASDAQ:FRAN) last announced its quarterly earnings data on Tuesday, December 11th. The specialty retailer reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. Francesca’s had a negative net margin of 3.56% and a negative return on equity of 2.36%. The company had revenue of $95.40 million during the quarter, compared to analyst estimates of $95.10 million. During the same period in the previous year, the business earned $0.01 EPS. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that Francesca’s will post -0.38 EPS for the current fiscal year.
In related news, Director Martyn R. Redgrave bought 15,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was acquired at an average cost of $3.93 per share, for a total transaction of $58,950.00. Following the purchase, the director now owns 70,353 shares in the company, valued at $276,487.29. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Steven Paul Lawrence bought 10,000 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were bought at an average price of $4.11 per share, with a total value of $41,100.00. Following the completion of the purchase, the chief executive officer now owns 209,832 shares in the company, valued at approximately $862,409.52. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in FRAN. MetLife Investment Advisors LLC purchased a new stake in Francesca’s during the 2nd quarter valued at $133,000. Quantitative Systematic Strategies LLC purchased a new stake in Francesca’s during the 2nd quarter valued at $192,000. JPMorgan Chase & Co. raised its stake in Francesca’s by 341.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,124 shares of the specialty retailer’s stock valued at $197,000 after buying an additional 41,096 shares during the last quarter. Fondren Management LP purchased a new stake in Francesca’s during the 2nd quarter valued at $227,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Francesca’s during the 3rd quarter valued at $270,000. Institutional investors and hedge funds own 98.37% of the company’s stock.
Francesca’s Company Profile
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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