Francesca’s Holdings Corp. (FRAN) Trading Up 3.5%
Shares of Francesca’s Holdings Corp. (NASDAQ:FRAN) were up 3.5% during trading on Thursday . The stock traded as high as $14.11 and last traded at $14.09, with a volume of 323,243 shares trading hands. The stock had previously closed at $13.62.
Several analysts have recently commented on FRAN shares. Nomura reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Francesca’s Holdings Corp. in a report on Wednesday, July 6th. Zacks Investment Research raised shares of Francesca’s Holdings Corp. from a “strong sell” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, August 9th. Mizuho reissued a “hold” rating and set a $11.00 price target on shares of Francesca’s Holdings Corp. in a report on Friday, June 10th. Jefferies Group downgraded shares of Francesca’s Holdings Corp. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $22.00 to $11.00 in a report on Tuesday, May 17th. Finally, Wolfe Research downgraded shares of Francesca’s Holdings Corp. from an “outperform” rating to a “peer perform” rating in a report on Tuesday, May 17th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Francesca’s Holdings Corp. currently has a consensus rating of “Hold” and an average price target of $14.67.
The company’s 50 day moving average price is $12.67 and its 200 day moving average price is $14.82. The firm has a market capitalization of $573.43 million and a price-to-earnings ratio of 15.61.
Francesca’s Holdings Corp. (NASDAQ:FRAN) last announced its earnings results on Thursday, June 9th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business earned $106.10 million during the quarter. Francesca’s Holdings Corp.’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. On average, equities analysts anticipate that Francesca’s Holdings Corp. will post $0.88 EPS for the current fiscal year.
In other news, CEO Richard W. Kunes acquired 20,000 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average cost of $10.56 per share, for a total transaction of $211,200.00. Following the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $211,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laurie Hummel acquired 9,500 shares of the stock in a transaction that occurred on Friday, June 24th. The stock was purchased at an average price of $10.46 per share, for a total transaction of $99,370.00. The disclosure for this purchase can be found here.
Francesca’s Holdings Corporation is a holding company, which conducts its business operations through its subsidiaries. The Company is a specialty retailer that operates a nationwide-chain of boutiques. It is engaged in the operation of boutiques and its direct-to-consumer Website segment. The merchandise assortment is a mix of apparel, jewelry, accessories and gifts.