Francesca’s Holdings Corp (NASDAQ:FRAN) – Investment analysts at B. Riley boosted their FY2020 earnings per share (EPS) estimates for shares of Francesca’s in a research report issued on Monday, June 18th. B. Riley analyst S. Anderson now anticipates that the specialty retailer will post earnings of $0.71 per share for the year, up from their prior forecast of $0.63. B. Riley has a “Buy” rating and a $8.00 price objective on the stock.
Francesca’s (NASDAQ:FRAN) last issued its earnings results on Tuesday, June 5th. The specialty retailer reported ($0.11) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). The firm had revenue of $100.40 million during the quarter, compared to the consensus estimate of $101.48 million. Francesca’s had a return on equity of 9.35% and a net margin of 1.58%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share.
Several other brokerages also recently commented on FRAN. Jefferies Financial Group reissued a “hold” rating and set a $5.00 target price on shares of Francesca’s in a research note on Tuesday, March 27th. TheStreet raised Francesca’s from a “d+” rating to a “c-” rating in a research note on Friday, June 1st. William Blair reissued a “market perform” rating on shares of Francesca’s in a research note on Tuesday, March 27th. ValuEngine downgraded Francesca’s from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research downgraded Francesca’s from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.25.
Shares of NASDAQ FRAN opened at $7.41 on Tuesday. The stock has a market cap of $247.78 million, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 0.99 and a beta of 0.05. Francesca’s has a 12 month low of $4.51 and a 12 month high of $11.53.
In other news, Director Richard J. Emmett acquired 10,000 shares of the stock in a transaction dated Thursday, June 7th. The stock was bought at an average price of $6.37 per share, with a total value of $63,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FRAN. Symons Capital Management Inc. acquired a new position in shares of Francesca’s in the first quarter valued at approximately $119,000. Victory Capital Management Inc. acquired a new position in shares of Francesca’s in the first quarter valued at approximately $134,000. MetLife Investment Advisors LLC acquired a new position in shares of Francesca’s in the fourth quarter valued at approximately $137,000. Crossmark Global Holdings Inc. increased its stake in shares of Francesca’s by 136.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 28,372 shares of the specialty retailer’s stock valued at $207,000 after buying an additional 16,356 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in shares of Francesca’s in the first quarter valued at approximately $245,000. 92.46% of the stock is owned by institutional investors.
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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