Royce & Associates LP Grows Position in Francesca’s Holdings Corp (FRAN)
Royce & Associates LP lifted its holdings in Francesca’s Holdings Corp (NASDAQ:FRAN) by 323.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,298,373 shares of the specialty retailer’s stock after acquiring an additional 991,719 shares during the period. Royce & Associates LP owned approximately 3.60% of Francesca’s worth $9,803,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in FRAN. Towle & Co. acquired a new position in shares of Francesca’s in the first quarter valued at about $16,175,000. Columbus Circle Investors acquired a new position in shares of Francesca’s in the second quarter valued at about $3,224,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Francesca’s in the second quarter valued at about $2,553,000. GSA Capital Partners LLP grew its stake in shares of Francesca’s by 238.0% in the first quarter. GSA Capital Partners LLP now owns 444,893 shares of the specialty retailer’s stock valued at $2,135,000 after acquiring an additional 313,271 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Francesca’s by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,170,907 shares of the specialty retailer’s stock valued at $10,420,000 after acquiring an additional 311,847 shares in the last quarter. Institutional investors and hedge funds own 98.40% of the company’s stock.
Several equities analysts recently commented on FRAN shares. ValuEngine downgraded shares of Francesca’s from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. B. Riley upgraded shares of Francesca’s from a “neutral” rating to a “buy” rating and upped their price target for the company from $7.00 to $8.00 in a research note on Monday, June 18th. Zacks Investment Research upgraded shares of Francesca’s from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. BidaskClub downgraded shares of Francesca’s from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, TheStreet upgraded shares of Francesca’s from a “d+” rating to a “c-” rating in a research note on Friday, June 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $7.50.
Francesca’s (NASDAQ:FRAN) last announced its quarterly earnings data on Tuesday, June 5th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $100.40 million for the quarter, compared to the consensus estimate of $101.48 million. Francesca’s had a net margin of 1.58% and a return on equity of 9.35%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. equities analysts predict that Francesca’s Holdings Corp will post 0.56 EPS for the current fiscal year.
In other news, Director Richard J. Emmett acquired 10,000 shares of Francesca’s stock in a transaction on Thursday, June 7th. The shares were purchased at an average cost of $6.37 per share, for a total transaction of $63,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.
Francesca’s Company Profile
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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