California State Teachers Retirement System cut its stake in Francesca’s Holdings Corporation (NASDAQ:FRAN) by 13.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,318 shares of the specialty retailer’s stock after selling 10,000 shares during the period. California State Teachers Retirement System owned about 0.18% of Francesca’s worth $715,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FRAN. UBS Asset Management Americas Inc. purchased a new position in Francesca’s in the first quarter worth $173,000. Vanguard Group Inc. grew its position in Francesca’s by 3.5% in the first quarter. Vanguard Group Inc. now owns 3,498,328 shares of the specialty retailer’s stock worth $53,700,000 after acquiring an additional 119,693 shares in the last quarter. Bank of America Corp DE grew its position in Francesca’s by 56.1% in the first quarter. Bank of America Corp DE now owns 61,159 shares of the specialty retailer’s stock worth $939,000 after acquiring an additional 21,984 shares in the last quarter. State Street Corp grew its position in Francesca’s by 7.2% in the first quarter. State Street Corp now owns 1,208,729 shares of the specialty retailer’s stock worth $18,556,000 after acquiring an additional 80,769 shares in the last quarter. Finally, Aperio Group LLC boosted its position in Francesca’s by 33.5% during the second quarter. Aperio Group LLC now owns 16,566 shares of the specialty retailer’s stock valued at $181,000 after buying an additional 4,155 shares during the period.

Shares of Francesca’s Holdings Corporation (FRAN) opened at $7.41 on Friday. The stock has a market cap of $272.57, a PE ratio of 7.65, a price-to-earnings-growth ratio of 0.57 and a beta of 0.22. Francesca’s Holdings Corporation has a 1 year low of $6.33 and a 1 year high of $22.39.

Francesca’s (NASDAQ:FRAN) last posted its earnings results on Wednesday, September 6th. The specialty retailer reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The company had revenue of $119.70 million during the quarter, compared to analyst estimates of $119.80 million. Francesca’s had a net margin of 7.28% and a return on equity of 31.88%. Francesca’s’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. analysts forecast that Francesca’s Holdings Corporation will post 0.75 EPS for the current fiscal year.

Several research firms have issued reports on FRAN. Zacks Investment Research upgraded shares of Francesca’s from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. FBR & Co set a $10.00 price target on shares of Francesca’s and gave the company a “hold” rating in a research report on Tuesday, August 15th. BidaskClub lowered shares of Francesca’s from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. ValuEngine lowered shares of Francesca’s from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, KeyCorp restated a “hold” rating on shares of Francesca’s in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.50.

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Francesca’s 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 (NASDAQ:FRAN)

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