Francesca’s (FRAN) Price Target Cut to $3.50 by Analysts at B. Riley

Francesca’s (NASDAQ:FRAN) had its price target reduced by B. Riley from $4.00 to $3.50 in a research report sent to investors on Wednesday morning. B. Riley currently has a neutral rating on the specialty retailer’s stock. B. Riley also issued estimates for Francesca’s’ Q4 2019 earnings at $0.28 EPS and FY2020 earnings at $0.40 EPS.

Several other research analysts also recently weighed in on FRAN. BidaskClub downgraded Francesca’s from a buy rating to a hold rating in a research note on Wednesday, August 8th. ValuEngine upgraded Francesca’s from a hold rating to a buy rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research downgraded Francesca’s from a buy rating to a sell rating in a research note on Monday, August 20th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $5.50.

Shares of FRAN stock traded up $0.06 during midday trading on Wednesday, hitting $2.60. The company had a trading volume of 720,551 shares, compared to its average volume of 1,094,115. Francesca’s has a 52-week low of $2.40 and a 52-week high of $8.48. The company has a market capitalization of $106.86 million, a P/E ratio of 5.00 and a beta of 0.43.

Francesca’s (NASDAQ:FRAN) last announced its earnings results on Tuesday, September 11th. The specialty retailer reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Francesca’s had a net margin of 0.12% and a return on equity of 3.35%. The company had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $120.77 million. During the same quarter last year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts expect that Francesca’s will post 0.15 EPS for the current year.

In other Francesca’s news, CEO Steven Paul Lawrence purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $41,100.00. Following the completion of the purchase, the chief executive officer now directly owns 209,832 shares in the company, valued at $862,409.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Martyn R. Redgrave purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The stock was acquired at an average price of $3.93 per share, for a total transaction of $58,950.00. Following the completion of the purchase, the director now owns 70,353 shares of the company’s stock, valued at $276,487.29. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new stake in Francesca’s during the second quarter worth $133,000. First Mercantile Trust Co. purchased a new stake in Francesca’s during the second quarter worth $159,000. Exencial Wealth Advisors LLC boosted its position in Francesca’s by 58.3% during the second quarter. Exencial Wealth Advisors LLC now owns 21,339 shares of the specialty retailer’s stock worth $161,000 after purchasing an additional 7,855 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Francesca’s during the second quarter worth $192,000. Finally, Nisa Investment Advisors LLC purchased a new stake in Francesca’s during the second quarter worth $196,000. Institutional investors own 94.62% 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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