Putnam Investments LLC Boosts Holdings in Francesca’s Holdings Corp (FRAN)
Putnam Investments LLC boosted its position in Francesca’s Holdings Corp (NASDAQ:FRAN) by 26.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 370,028 shares of the specialty retailer’s stock after purchasing an additional 76,900 shares during the quarter. Putnam Investments LLC owned approximately 1.03% of Francesca’s worth $2,794,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new position in shares of Francesca’s during the second quarter valued at $133,000. Victory Capital Management Inc. bought a new position in shares of Francesca’s during the first quarter valued at $134,000. First Mercantile Trust Co. bought a new position in shares of Francesca’s during the second quarter valued at $159,000. Exencial Wealth Advisors LLC increased its holdings in shares of Francesca’s by 58.3% during the second quarter. Exencial Wealth Advisors LLC now owns 21,339 shares of the specialty retailer’s stock valued at $161,000 after acquiring an additional 7,855 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Francesca’s during the second quarter valued at $192,000. Institutional investors and hedge funds own 97.96% of the company’s stock.
Shares of NASDAQ:FRAN opened at $3.88 on Wednesday. Francesca’s Holdings Corp has a 1-year low of $3.53 and a 1-year high of $8.48. The firm has a market cap of $142.36 million, a PE ratio of 35.73 and a beta of 0.04.
In other Francesca’s news, CEO Steven Paul Lawrence acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were bought at an average cost of $4.11 per share, with a total value of $41,100.00. Following the completion of the transaction, the chief executive officer now directly owns 209,832 shares of the company’s stock, valued at approximately $862,409.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martyn R. Redgrave acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The shares were acquired at an average cost of $3.93 per share, for a total transaction of $58,950.00. Following the completion of the transaction, the director now directly owns 70,353 shares of the company’s stock, valued at $276,487.29. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded Francesca’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 26th. ValuEngine upgraded Francesca’s from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. B. Riley raised 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. Zacks Investment Research downgraded Francesca’s from a “buy” rating to a “sell” rating in a report on Monday, August 20th. Finally, TheStreet upgraded Francesca’s from a “d+” rating to a “c-” rating in a report on Friday, June 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $5.67.
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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