Francesca’s (FRAN) Downgraded by ValuEngine

Francesca’s (NASDAQ:FRAN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts have also commented on the company. B. Riley lowered Francesca’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $9.00 to $4.00 in a report on Wednesday, September 12th. Zacks Investment Research raised Francesca’s from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Finally, BidaskClub raised Francesca’s from a “hold” rating to a “buy” rating in a report on Thursday, August 16th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Francesca’s has a consensus rating of “Hold” and a consensus target price of $5.67.

Shares of FRAN stock traded down $0.32 during mid-day trading on Friday, reaching $2.80. The stock had a trading volume of 1,557,200 shares, compared to its average volume of 1,113,092. The firm has a market capitalization of $114.83 million, a PE ratio of 5.38 and a beta of 0.18. Francesca’s has a 1-year low of $2.79 and a 1-year high of $8.48.

Francesca’s (NASDAQ:FRAN) last announced its quarterly earnings data on Tuesday, September 11th. The specialty retailer reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $113.00 million during the quarter, compared to analyst estimates of $120.77 million. Francesca’s had a net margin of 0.12% and a return on equity of 3.35%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. On average, equities analysts expect that Francesca’s will post 0.15 earnings per share for the current year.

In other Francesca’s news, Director Martyn R. Redgrave acquired 15,000 shares of the company’s stock in a transaction on Tuesday, September 25th. The shares were bought at an average cost of $3.93 per share, with a total value of $58,950.00. Following the completion of the acquisition, the director now owns 70,353 shares in the company, valued at $276,487.29. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven Paul Lawrence acquired 10,000 shares of the company’s stock in a transaction on Friday, September 14th. The stock was acquired at an average cost of $4.11 per share, for a total transaction of $41,100.00. Following the completion of the acquisition, the chief executive officer now owns 209,832 shares of the company’s stock, valued at approximately $862,409.52. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of FRAN. Wells Fargo & Company MN grew its holdings in Francesca’s by 143.9% in the first quarter. Wells Fargo & Company MN now owns 94,450 shares of the specialty retailer’s stock valued at $454,000 after purchasing an additional 309,507 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Francesca’s by 7.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 183,376 shares of the specialty retailer’s stock valued at $881,000 after purchasing an additional 12,567 shares during the period. Northern Trust Corp grew its holdings in Francesca’s by 2.2% in the first quarter. Northern Trust Corp now owns 461,240 shares of the specialty retailer’s stock valued at $2,214,000 after purchasing an additional 10,052 shares during the period. BlackRock Inc. grew its holdings in Francesca’s by 0.4% in the first quarter. BlackRock Inc. now owns 4,747,522 shares of the specialty retailer’s stock valued at $22,788,000 after purchasing an additional 19,172 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Francesca’s by 878.4% in the first quarter. JPMorgan Chase & Co. now owns 338,106 shares of the specialty retailer’s stock valued at $1,623,000 after purchasing an additional 303,550 shares during the period. 96.46% of the stock is currently owned by institutional investors.

About Francesca’s

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.

See Also: Price to Earnings Ratio (PE) Basics

To view ValuEngine’s full report, visit ValuEngine’s official website.

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