FBR & Co Analysts Lift Earnings Estimates for Francesca's Holdings Corp (FRAN)

Francesca's Holdings Corp (NASDAQ:FRAN) – Analysts at FBR & Co increased their Q2 2018 earnings per share (EPS) estimates for Francesca's Holdings Corp in a research note issued on Tuesday, according to Zacks Investment Research. FBR & Co analyst S. Anderson now forecasts that the specialty retailer will earn $0.28 per share for the quarter, up from their prior estimate of $0.27. FBR & Co currently has a “Underperform” rating and a $14.00 target price on the stock. FBR & Co also issued estimates for Francesca's Holdings Corp’s Q4 2018 earnings at $0.44 EPS.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Francesca's Holdings Corp from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, March 22nd. Wedbush reduced their price target on shares of Francesca's Holdings Corp from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, March 21st. Mizuho cut their price objective on shares of Francesca's Holdings Corp from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, March 21st. Finally, Jefferies Group LLC set a $17.00 price target on shares of Francesca's Holdings Corp and gave the company a “hold” rating in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.78.

Earnings History and Estimates for Francesca's Holdings Corp (NASDAQ:FRAN)

TRADEMARK VIOLATION NOTICE: This story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://sportsperspectives.com/2017/04/21/brokers-issue-forecasts-for-francescas-holdings-corps-q2-2018-earnings-fran-updated-updated.html.

Francesca's Holdings Corp (NASDAQ:FRAN) traded down 0.38% during trading on Thursday, hitting $15.53. The stock had a trading volume of 605,139 shares. The company’s 50 day moving average is $15.71 and its 200 day moving average is $17.07. The firm has a market cap of $583.01 million, a PE ratio of 14.25 and a beta of 0.77. Francesca's Holdings Corp has a 52-week low of $9.75 and a 52-week high of $22.39.

Francesca's Holdings Corp (NASDAQ:FRAN) last released its quarterly earnings results on Tuesday, March 21st. The specialty retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $146.30 million for the quarter, compared to the consensus estimate of $145.77 million. Francesca's Holdings Corp had a return on equity of 37.74% and a net margin of 8.84%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS.

In related news, insider Khalid Mir Malik sold 110,692 shares of Francesca's Holdings Corp stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $15.95, for a total transaction of $1,765,537.40. Following the sale, the insider now directly owns 66,781 shares in the company, valued at approximately $1,065,156.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.13% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in FRAN. Hartford Investment Management Co. acquired a new position in shares of Francesca's Holdings Corp during the third quarter valued at about $156,000. Acrospire Investment Management LLC increased its position in shares of Francesca's Holdings Corp by 106.8% in the third quarter. Acrospire Investment Management LLC now owns 11,781 shares of the specialty retailer’s stock valued at $182,000 after buying an additional 6,085 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Francesca's Holdings Corp by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,560 shares of the specialty retailer’s stock valued at $194,000 after buying an additional 110 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Francesca's Holdings Corp during the third quarter valued at about $197,000. Finally, Louisiana State Employees Retirement System increased its position in shares of Francesca's Holdings Corp by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the specialty retailer’s stock valued at $236,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

About Francesca's Holdings Corp

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.

5 Day Chart for NASDAQ:FRAN

Get a free copy of the Zacks research report on Francesca's Holdings Corp (FRAN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Francesca's Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Francesca's Holdings Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply