Insider Buying: Francesca’s Holdings Corp (NASDAQ:FRAN) Major Shareholder Buys $383,994.52 in Stock

Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management acquired 95,284 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were purchased at an average price of $4.03 per share, for a total transaction of $383,994.52. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Cross River Capital Management also recently made the following trade(s):

  • On Friday, July 12th, Cross River Capital Management acquired 29,000 shares of Francesca’s stock. The shares were purchased at an average price of $4.23 per share, for a total transaction of $122,670.00.
  • On Tuesday, June 18th, Cross River Capital Management acquired 5,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.42 per share, for a total transaction of $2,100.00.
  • On Wednesday, June 12th, Cross River Capital Management acquired 15,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.49 per share, for a total transaction of $7,350.00.
  • On Monday, June 10th, Cross River Capital Management acquired 15,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.50 per share, for a total transaction of $7,500.00.
  • On Wednesday, June 5th, Cross River Capital Management acquired 5,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.50 per share, for a total transaction of $2,500.00.
  • On Monday, June 3rd, Cross River Capital Management acquired 15,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.49 per share, for a total transaction of $7,350.00.
  • On Wednesday, May 29th, Cross River Capital Management acquired 20,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.50 per share, for a total transaction of $10,000.00.
  • On Friday, May 24th, Cross River Capital Management acquired 25,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.52 per share, for a total transaction of $13,000.00.
  • On Wednesday, May 22nd, Cross River Capital Management acquired 175,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.54 per share, for a total transaction of $94,500.00.
  • On Monday, May 20th, Cross River Capital Management acquired 78,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.56 per share, for a total transaction of $43,680.00.

Shares of FRAN opened at $3.40 on Friday. Francesca’s Holdings Corp has a 12-month low of $3.27 and a 12-month high of $99.24. The company has a quick ratio of 0.43, a current ratio of 0.82 and a debt-to-equity ratio of 3.69. The company’s fifty day moving average is $1.81.

Francesca’s (NASDAQ:FRAN) last issued its earnings results on Thursday, June 13th. The specialty retailer reported ($2.16) earnings per share (EPS) for the quarter. The company had revenue of $87.13 million for the quarter. Francesca’s had a negative net margin of 11.38% and a negative return on equity of 14.30%.

Separately, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Francesca’s currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Francesca’s by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,985,647 shares of the specialty retailer’s stock valued at $2,898,000 after purchasing an additional 79,840 shares during the period. Shah Capital Management purchased a new stake in shares of Francesca’s during the first quarter valued at $988,000. Deutsche Bank AG boosted its stake in shares of Francesca’s by 1,561.8% during the fourth quarter. Deutsche Bank AG now owns 1,175,093 shares of the specialty retailer’s stock valued at $1,139,000 after purchasing an additional 1,104,383 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Francesca’s by 209.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 920,897 shares of the specialty retailer’s stock valued at $894,000 after purchasing an additional 623,630 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Francesca’s by 75.0% during the fourth quarter. Two Sigma Investments LP now owns 692,398 shares of the specialty retailer’s stock valued at $672,000 after purchasing an additional 296,653 shares during the period.

Francesca’s Company Profile

Francesca's Holdings Corporation, through its subsidiaries, operates a chain of boutiques. The company offers fashion apparel, jewelry, accessories, and gifts for women between the ages of 18 and 35. Its apparel products include dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry comprise necklaces, earrings, bracelets, and rings.

Further Reading: How Does the Quiet Period Work?

Insider Buying and Selling by Quarter for Francesca`s (NASDAQ:FRAN)

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