Hodges Capital Management Inc. raised its position in shares of Francesca’s Holdings Corp (NASDAQ:FRAN) by 20.0% in the first quarter, HoldingsChannel.com reports. The firm owned 300,000 shares of the specialty retailer’s stock after acquiring an additional 50,000 shares during the period. Hodges Capital Management Inc.’s holdings in Francesca’s were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of FRAN. Wells Fargo & Company MN boosted its stake in Francesca’s by 42.7% during the 3rd quarter. Wells Fargo & Company MN now owns 134,303 shares of the specialty retailer’s stock valued at $499,000 after purchasing an additional 40,212 shares during the period. JPMorgan Chase & Co. boosted 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 purchasing an additional 41,096 shares during the period. BlackRock Inc. boosted its stake in Francesca’s by 12.1% during the 3rd quarter. BlackRock Inc. now owns 5,292,621 shares of the specialty retailer’s stock valued at $19,635,000 after purchasing an additional 572,802 shares during the period. Canada Pension Plan Investment Board acquired a new position in Francesca’s during the 3rd quarter valued at about $600,000. Finally, Dimensional Fund Advisors LP boosted its stake in Francesca’s by 14.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,905,807 shares of the specialty retailer’s stock valued at $10,781,000 after purchasing an additional 358,981 shares during the period. 91.61% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine raised shares of Francesca’s from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $2.00.
Shares of NASDAQ:FRAN opened at $0.69 on Wednesday. The company has a market capitalization of $23.87 million, a PE ratio of 1.33 and a beta of 0.95. Francesca’s Holdings Corp has a twelve month low of $0.64 and a twelve month high of $8.48.
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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 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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