Globeflex Capital L P Has $857,000 Position in Francesca's Holdings Corp (FRAN)
Globeflex Capital L P increased its position in shares of Francesca's Holdings Corp (NASDAQ:FRAN) by 33.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 117,220 shares of the specialty retailer’s stock after purchasing an additional 29,244 shares during the quarter. Globeflex Capital L P’s holdings in Francesca's were worth $857,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC bought a new stake in Francesca's in the third quarter worth about $124,000. FNY Managed Accounts LLC bought a new stake in Francesca's in the third quarter worth about $135,000. Engineers Gate Manager LP bought a new stake in Francesca's in the fourth quarter worth about $150,000. Hotchkis & Wiley Capital Management LLC bought a new stake in Francesca's in the third quarter worth about $186,000. Finally, Aperio Group LLC raised its position in Francesca's by 69.4% in the third quarter. Aperio Group LLC now owns 28,067 shares of the specialty retailer’s stock worth $207,000 after acquiring an additional 11,501 shares during the period. Institutional investors and hedge funds own 95.39% of the company’s stock.
In other Francesca's news, CEO Steven Paul Lawrence purchased 10,000 shares of the stock in a transaction dated Thursday, January 11th. The shares were bought at an average price of $5.56 per share, with a total value of $55,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.19% of the company’s stock.
Francesca's (NASDAQ:FRAN) last posted its quarterly earnings results on Tuesday, December 5th. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.02 million. During the same period last year, the firm earned $0.23 EPS. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. equities analysts anticipate that Francesca's Holdings Corp will post 0.5 earnings per share for the current fiscal year.
FRAN has been the topic of several research reports. B. Riley reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Francesca's in a research report on Tuesday, December 5th. BidaskClub raised shares of Francesca's from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. SunTrust Banks set a $8.00 price objective on shares of Francesca's and gave the stock a “buy” rating in a research report on Friday, January 5th. Zacks Investment Research lowered shares of Francesca's from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, TheStreet lowered shares of Francesca's from a “c” rating to a “d+” rating in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $10.67.
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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