Francesca's (FRAN) Shares Gap Up Following Insider Buying Activity
Francesca's Holdings Corp (NASDAQ:FRAN) shares gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $5.37, but opened at $5.59. Francesca's shares last traded at $5.82, with a volume of 2007151 shares changing hands.
Specifically, CEO Steven Paul Lawrence purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were bought at an average price of $5.56 per share, for a total transaction of $55,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.19% of the stock is currently owned by company insiders.
Several analysts recently commented on FRAN shares. Zacks Investment Research upgraded shares of Francesca's from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. B. Riley restated a “neutral” rating on shares of Francesca's in a research report on Wednesday, November 1st. TheStreet lowered shares of Francesca's from a “c” rating to a “d+” rating in a research report on Tuesday, December 5th. BidaskClub upgraded shares of Francesca's from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Finally, ValuEngine lowered shares of Francesca's from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.67.
The stock has a market cap of $210.57, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 0.77 and a beta of 0.23.
Francesca's (NASDAQ:FRAN) last posted 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). The business had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $106.02 million. Francesca's had a return on equity of 23.19% and a net margin of 5.52%. The business’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. equities research analysts anticipate that Francesca's Holdings Corp will post 0.62 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of FRAN. Schwab Charles Investment Management Inc. lifted its stake in shares of Francesca's by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 237,427 shares of the specialty retailer’s stock worth $2,598,000 after buying an additional 1,206 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Francesca's in the second quarter worth about $151,000. Legal & General Group Plc lifted its stake in shares of Francesca's by 6.3% in the second quarter. Legal & General Group Plc now owns 71,347 shares of the specialty retailer’s stock worth $782,000 after buying an additional 4,238 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Francesca's by 8,143.2% in the second quarter. Schroder Investment Management Group now owns 362,700 shares of the specialty retailer’s stock worth $4,055,000 after buying an additional 358,300 shares in the last quarter. Finally, Capital Fund Management S.A. purchased a new position in shares of Francesca's in the second quarter worth about $499,000.
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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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