Fuller & Thaler Asset Management Inc. Takes Position in Francesca’s Holdings Corp (FRAN)
Fuller & Thaler Asset Management Inc. bought a new stake in shares of Francesca’s Holdings Corp (NASDAQ:FRAN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 338,200 shares of the specialty retailer’s stock, valued at approximately $2,553,000. Fuller & Thaler Asset Management Inc. owned approximately 0.94% of Francesca’s as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new stake in Francesca’s during the 4th quarter valued at $137,000. First Mercantile Trust Co. bought a new stake in Francesca’s during the 2nd quarter valued at $159,000. Exencial Wealth Advisors LLC raised its position in Francesca’s by 58.3% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 21,339 shares of the specialty retailer’s stock valued at $161,000 after purchasing an additional 7,855 shares in the last quarter. Symons Capital Management Inc. bought a new stake in Francesca’s during the 1st quarter valued at $119,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Francesca’s during the 2nd quarter valued at $192,000. 97.25% of the stock is owned by institutional investors and hedge funds.
In related news, Director Richard J. Emmett purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 7th. The shares were acquired at an average cost of $6.37 per share, for a total transaction of $63,700.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
Francesca’s (NASDAQ:FRAN) last announced its quarterly earnings results on Tuesday, June 5th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.11). Francesca’s had a return on equity of 9.35% and a net margin of 1.58%. The business had revenue of $100.40 million for the quarter, compared to the consensus estimate of $101.48 million. During the same period last year, the business posted $0.12 EPS. The business’s revenue was down 6.8% compared to the same quarter last year. sell-side analysts anticipate that Francesca’s Holdings Corp will post 0.56 earnings per share for the current fiscal year.
A number of brokerages have weighed in on FRAN. BidaskClub lowered Francesca’s from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded Francesca’s from a “buy” rating to a “sell” rating in a report on Monday. ValuEngine upgraded Francesca’s from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. B. Riley lifted their price target on Francesca’s from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Finally, TheStreet upgraded Francesca’s from a “d+” rating to a “c-” rating in a report on Friday, June 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Francesca’s currently has an average rating of “Hold” and an average target price of $7.50.
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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