California Public Employees Retirement System decreased its stake in shares of Francesca’s Holdings Corporation (NASDAQ:FRAN) by 21.9% during the first quarter, Holdings Channel reports. The institutional investor owned 67,900 shares of the specialty retailer’s stock after selling 19,000 shares during the period. California Public Employees Retirement System’s holdings in Francesca’s Holdings Corporation were worth $1,042,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mason Street Advisors LLC increased its stake in shares of Francesca’s Holdings Corporation by 6.6% in the first quarter. Mason Street Advisors LLC now owns 8,835 shares of the specialty retailer’s stock valued at $136,000 after buying an additional 549 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Francesca’s Holdings Corporation during the first quarter valued at approximately $173,000. Karp Capital Management Corp acquired a new stake in shares of Francesca’s Holdings Corporation during the first quarter valued at approximately $191,000. Wedge Capital Management L L P NC increased its stake in shares of Francesca’s Holdings Corporation by 13.9% in the first quarter. Wedge Capital Management L L P NC now owns 14,306 shares of the specialty retailer’s stock valued at $220,000 after buying an additional 1,745 shares in the last quarter. Finally, Hartford Investment Management Co. acquired a new stake in shares of Francesca’s Holdings Corporation during the first quarter valued at approximately $228,000.

Francesca’s Holdings Corporation (FRAN) traded up 2.35% during trading on Friday, hitting $8.70. The stock had a trading volume of 1,122,450 shares. Francesca’s Holdings Corporation has a 12 month low of $8.30 and a 12 month high of $22.39. The stock has a market cap of $322.97 million, a price-to-earnings ratio of 8.37 and a beta of 0.17. The firm has a 50 day moving average of $9.89 and a 200-day moving average of $13.91.

Francesca’s Holdings Corporation (NASDAQ:FRAN) last announced its quarterly earnings data on Tuesday, June 6th. The specialty retailer reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $107.70 million for the quarter, compared to analysts’ expectations of $113.15 million. Francesca’s Holdings Corporation had a net margin of 8.03% and a return on equity of 36.12%. Francesca’s Holdings Corporation’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. Equities analysts predict that Francesca’s Holdings Corporation will post $1.07 earnings per share for the current year.

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Several brokerages have commented on FRAN. Zacks Investment Research upgraded Francesca’s Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded Francesca’s Holdings Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $11.00 target price on shares of Francesca’s Holdings Corporation in a research note on Friday, July 14th. ValuEngine upgraded Francesca’s Holdings Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 18th. Finally, FBR & Co upgraded Francesca’s Holdings Corporation from an “underperform” rating to a “market perform” rating and set a $14.00 target price on the stock in a research note on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Francesca’s Holdings Corporation currently has an average rating of “Hold” and an average target price of $16.38.

Francesca’s Holdings Corporation Company Profile

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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Institutional Ownership by Quarter for Francesca`s Holdings Corporation (NASDAQ:FRAN)

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