Francesca’s (FRAN) Rating Lowered to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Francesca’s (NASDAQ:FRAN) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.
According to Zacks, “Francesca’s Holdings Corporation is a specialty retailer of women’s apparel products. The Company operates a chain of retail boutiques in the United States. It offers apparel, jewelry, accessories, and gifts to female customers. The company also sells its products through e-commerce Website, francescascollections.com. Francesca’s Holdings Corporation is headquartered in Houston, Texas. “
FRAN has been the topic of a number of other research reports. FBR & Co reiterated a neutral rating and issued a $8.00 target price (down previously from $10.00) on shares of Francesca’s in a research note on Wednesday, September 6th. B. Riley reiterated a neutral rating on shares of Francesca’s in a research note on Wednesday, November 1st. SunTrust Banks reduced their target price on Francesca’s from $15.00 to $10.00 and set a buy rating on the stock in a research note on Tuesday, August 22nd. ValuEngine downgraded Francesca’s from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, KeyCorp reissued a hold rating on shares of Francesca’s in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Francesca’s currently has an average rating of Hold and a consensus target price of $11.33.
Francesca’s (FRAN) traded up $0.01 during midday trading on Thursday, hitting $6.15. The stock had a trading volume of 2,130,500 shares, compared to its average volume of 1,044,440. Francesca’s has a 52-week low of $6.04 and a 52-week high of $22.39. The company has a market cap of $222.50, a P/E ratio of 8.54, a P/E/G ratio of 0.72 and a beta of 0.23.
Francesca’s (NASDAQ:FRAN) last released its quarterly earnings results on Tuesday, December 5th. The specialty retailer reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Francesca’s had a net margin of 5.52% and a return on equity of 23.19%. The company had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.02 million. During the same quarter in the previous year, the company posted $0.23 EPS. The business’s quarterly revenue was down 11.5% on a year-over-year basis. sell-side analysts predict that Francesca’s will post 0.68 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of FRAN. Koch Industries Inc. purchased a new position in shares of Francesca’s in the second quarter worth about $110,000. Cetera Advisor Networks LLC purchased a new position in Francesca’s during the third quarter valued at approximately $124,000. FNY Managed Accounts LLC purchased a new position in Francesca’s during the third quarter valued at approximately $135,000. Municipal Employees Retirement System of Michigan raised its position in Francesca’s by 57.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 13,670 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 4,980 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Francesca’s during the second quarter valued at approximately $151,000.
Francesca’s Holdings Corporation is a holding company. The Company is a specialty retailer, which operates a chain of boutiques across the United States. The Company offers a mix of apparel, jewelry, accessories and gifts. As of January 28, 2017, the Company operated 671 boutiques in 48 states and the District of Columbia, and also served its customers through www.francescas.com, its e-commerce Website.
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