Francesca’s Holdings Corp (NASDAQ:FRAN)’s share price fell 6.7% on Tuesday . The stock traded as low as $0.52 and last traded at $0.56. 1,065,564 shares changed hands during trading, a decline of 10% from the average session volume of 1,178,727 shares. The stock had previously closed at $0.60.
Separately, ValuEngine lowered shares of Francesca’s from a “buy” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $2.00.
The company has a quick ratio of 1.31, a current ratio of 2.17 and a debt-to-equity ratio of 0.14.
Francesca’s (NASDAQ:FRAN) last posted its earnings results on Friday, May 3rd. The specialty retailer reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The business had revenue of $119.31 million for the quarter. Francesca’s had a negative net margin of 9.56% and a negative return on equity of 10.14%.
In other news, major shareholder Cross River Capital Management acquired 208,612 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of $0.59 per share, for a total transaction of $123,081.08. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 224,320 shares of company stock worth $132,963 in the last quarter. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of FRAN. Wells Fargo & Company MN lifted its holdings in Francesca’s by 42.7% in the 3rd quarter. Wells Fargo & Company MN now owns 134,303 shares of the specialty retailer’s stock worth $499,000 after buying an additional 40,212 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Francesca’s by 341.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,124 shares of the specialty retailer’s stock worth $197,000 after buying an additional 41,096 shares in the last quarter. BlackRock Inc. lifted its holdings in Francesca’s by 12.1% in the 3rd quarter. BlackRock Inc. now owns 5,292,621 shares of the specialty retailer’s stock worth $19,635,000 after buying an additional 572,802 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Francesca’s by 14.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,905,807 shares of the specialty retailer’s stock worth $10,781,000 after buying an additional 358,981 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Francesca’s by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,226,851 shares of the specialty retailer’s stock worth $8,262,000 after buying an additional 96,393 shares in the last quarter. Hedge funds and other institutional investors own 98.62% of the company’s stock.
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About Francesca’s (NASDAQ:FRAN)
Francesca's Holdings Corporation, through its subsidiaries, operates a chain of retail boutiques. It offers fashion apparel, jewelry, accessories, and gifts 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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