Jefferies Group Comments on Francesca's Holdings Corp’s FY2018 Earnings (FRAN)

Francesca's Holdings Corp (NASDAQ:FRAN) – Stock analysts at Jefferies Group dropped their FY2018 EPS estimates for shares of Francesca's Holdings Corp in a note issued to investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst R. Konik now expects that the specialty retailer will post earnings of $1.18 per share for the year, down from their previous estimate of $1.20. Jefferies Group currently has a “Hold” rating and a $17.00 price target on the stock.

Several other research analysts also recently issued reports on FRAN. Wedbush lowered their price objective on Francesca's Holdings Corp from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, March 21st. Mizuho lowered their price objective on Francesca's Holdings Corp from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, March 21st. Zacks Investment Research raised shares of Francesca's Holdings Corp from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Wednesday, March 22nd. Finally, FBR & Co reissued an “underperform” rating and set a $14.00 target price on shares of Francesca's Holdings Corp in a research report on Tuesday, March 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.78.

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

ILLEGAL ACTIVITY NOTICE: “Jefferies Group Comments on Francesca's Holdings Corp’s FY2018 Earnings (FRAN)” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://sportsperspectives.com/2017/04/21/brokers-set-expectations-for-francescas-holdings-corps-fy2018-earnings-fran-updated-updated.html.

Shares of Francesca's Holdings Corp (NASDAQ:FRAN) traded down 0.38% during midday trading on Thursday, hitting $15.53. 605,139 shares of the company were exchanged. The company has a 50-day moving average of $15.71 and a 200 day moving average of $17.07. The company has a market capitalization of $583.01 million, a P/E ratio of 14.25 and a beta of 0.77. Francesca's Holdings Corp has a one year low of $9.75 and a one year high of $22.39.

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

In related news, insider Khalid Mir Malik sold 110,692 shares of the stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $15.95, for a total value of $1,765,537.40. Following the transaction, 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 SEC, which is available through the SEC website. 1.13% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of FRAN. Hartford Investment Management Co. purchased a new position in shares of Francesca's Holdings Corp during the third quarter worth about $156,000. Acrospire Investment Management LLC boosted 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 worth $182,000 after buying an additional 6,085 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted 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 worth $194,000 after buying an additional 110 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Francesca's Holdings Corp during the third quarter worth about $197,000. Finally, Louisiana State Employees Retirement System boosted 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 worth $236,000 after buying an additional 200 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Francesca's Holdings Corp 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.

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