Francesca's Holdings Corp to Post FY2018 Earnings of $0.55 Per Share, B. Riley Forecasts (FRAN)
Francesca's Holdings Corp (NASDAQ:FRAN) – Analysts at B. Riley reduced their FY2018 earnings per share (EPS) estimates for shares of Francesca's in a research report issued to clients and investors on Tuesday. B. Riley analyst S. Anderson now anticipates that the specialty retailer will earn $0.55 per share for the year, down from their prior forecast of $0.67. B. Riley currently has a “Hold” rating and a $6.00 target price on the stock. B. Riley also issued estimates for Francesca's’ FY2019 earnings at $0.63 EPS.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Francesca's from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub upgraded Francesca's from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. TheStreet downgraded Francesca's from a “c” rating to a “d+” rating in a report on Tuesday, December 5th. SunTrust Banks set a $8.00 target price on Francesca's and gave the stock a “buy” rating in a report on Friday, January 5th. Finally, ValuEngine downgraded Francesca's from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Francesca's currently has an average rating of “Hold” and a consensus price target of $10.67.
Francesca's (NASDAQ:FRAN) last posted its earnings results on Tuesday, December 5th. The specialty retailer reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.02 million. Francesca's had a net margin of 5.52% and a return on equity of 23.19%. Francesca's’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 earnings per share.
In related news, CEO Steven Paul Lawrence bought 10,000 shares of the business’s stock in a transaction that occurred on 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 this hyperlink. 1.19% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of Francesca's in the second quarter valued at $151,000. Cetera Advisor Networks LLC bought a new stake in shares of Francesca's in the third quarter valued at $124,000. FNY Managed Accounts LLC bought a new stake in shares of Francesca's in the third quarter valued at $135,000. Verition Fund Management LLC bought a new stake in shares of Francesca's in the second quarter valued at $224,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Francesca's by 82.3% in the second quarter. UBS Asset Management Americas Inc. now owns 20,599 shares of the specialty retailer’s stock valued at $225,000 after buying an additional 9,300 shares during the period.
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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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