Principal Financial Group Inc. Purchases 9,083 Shares of Francesca’s Holdings Corporation (FRAN)

Principal Financial Group Inc. increased its stake in shares of Francesca’s Holdings Corporation (NASDAQ:FRAN) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,174 shares of the specialty retailer’s stock after buying an additional 9,083 shares during the period. Principal Financial Group Inc. owned approximately 0.82% of Francesca’s Holdings Corporation worth $4,700,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in FRAN. Mason Street Advisors LLC raised its stake in Francesca’s Holdings Corporation by 6.6% in the first quarter. Mason Street Advisors LLC now owns 8,835 shares of the specialty retailer’s stock valued at $136,000 after buying an additional 549 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in Francesca’s Holdings Corporation during the first quarter valued at $173,000. Karp Capital Management Corp bought a new stake in Francesca’s Holdings Corporation during the first quarter valued at $191,000. Wedge Capital Management L L P NC raised its stake in Francesca’s Holdings Corporation by 13.9% in the first quarter. Wedge Capital Management L L P NC now owns 14,306 shares of the specialty retailer’s stock valued at $220,000 after buying an additional 1,745 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new stake in Francesca’s Holdings Corporation during the first quarter valued at $228,000.

Francesca’s Holdings Corporation (NASDAQ FRAN) opened at 10.02 on Tuesday. Francesca’s Holdings Corporation has a 52-week low of $9.72 and a 52-week high of $22.39. The stock’s 50 day moving average price is $12.17 and its 200-day moving average price is $15.84. The company has a market cap of $371.97 million, a P/E ratio of 9.64 and a beta of 0.20.

Francesca’s Holdings Corporation (NASDAQ:FRAN) last posted its quarterly earnings data on Tuesday, June 6th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The firm had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $113.15 million. Francesca’s Holdings Corporation had a net margin of 8.03% and a return on equity of 36.12%. Francesca’s Holdings Corporation’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, equities analysts predict that Francesca’s Holdings Corporation will post $1.07 earnings per share for the current fiscal year.

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Several research firms recently weighed in on FRAN. Jefferies Group LLC restated a “hold” rating and set a $11.00 price target on shares of Francesca’s Holdings Corporation in a report on Friday. Zacks Investment Research lowered Francesca’s Holdings Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 7th. ValuEngine lowered Francesca’s Holdings Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Wedbush decreased their price target on Francesca’s Holdings Corporation from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, March 21st. Finally, FBR & Co restated an “underperform” rating and set a $14.00 price target on shares of Francesca’s Holdings Corporation in a report on Tuesday, March 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.38.

About Francesca’s Holdings Corporation

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.

Institutional Ownership by Quarter for Francesca`s Holdings Corporation (NASDAQ:FRAN)

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