Francesca’s Target of Unusually High Options Trading (FRAN)
Francesca’s Holdings Corp (NASDAQ:FRAN) was the target of some unusual options trading activity on Thursday. Stock traders bought 4,319 put options on the stock. This represents an increase of 6,346% compared to the typical daily volume of 67 put options.
A number of institutional investors have recently made changes to their positions in FRAN. MetLife Investment Advisors LLC acquired a new stake in Francesca’s during the fourth quarter worth about $137,000. Wells Fargo & Company MN grew its stake in Francesca’s by 143.9% during the first quarter. Wells Fargo & Company MN now owns 94,450 shares of the specialty retailer’s stock worth $454,000 after buying an additional 309,507 shares in the last quarter. Trexquant Investment LP grew its stake in Francesca’s by 141.8% during the first quarter. Trexquant Investment LP now owns 107,033 shares of the specialty retailer’s stock worth $514,000 after buying an additional 62,770 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Francesca’s during the first quarter worth about $134,000. Finally, Symons Capital Management Inc. acquired a new stake in Francesca’s during the first quarter worth about $119,000. Hedge funds and other institutional investors own 98.40% of the company’s stock.
Shares of Francesca’s stock opened at $6.07 on Friday. The stock has a market cap of $231.91 million, a price-to-earnings ratio of 11.92 and a beta of 0.04. Francesca’s has a 12-month low of $4.51 and a 12-month high of $8.48.
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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