Published On: Wed, Sep 7th, 2016

Francesca’s Holdings Corp. (FRAN) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Francesca’s Holdings Corp. (NASDAQ:FRAN) released its earnings results on Wednesday. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09.
In related news, insider Laurie Hummel purchased 9,500 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was acquired at an average price of $10.46 per share, for a total transaction of $99,370.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard W. Kunes purchased 20,000 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was bought at an average price of $10.56 per share, with a total value of $211,200.00. Following the acquisition, the chief executive officer now directly owns 20,000 shares in the company, valued at $211,200. The disclosure for this purchase can be found here.
Shares of Francesca’s Holdings Corp. (NASDAQ:FRAN) opened at 13.99 on Wednesday. Francesca’s Holdings Corp. has a 1-year low of $9.75 and a 1-year high of $19.90. The stock has a market capitalization of $561.78 million and a P/E ratio of 15.29. The stock has a 50 day moving average of $13.29 and a 200-day moving average of $14.48.

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A number of analysts have recently commented on the stock. Cowen and Company cut shares of Francesca’s Holdings Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 17th. Wolfe Research cut shares of Francesca’s Holdings Corp. from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, May 17th. Mizuho cut their target price on shares of Francesca’s Holdings Corp. from $19.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, May 17th. William Blair cut shares of Francesca’s Holdings Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 17th. Finally, Wedbush cut shares of Francesca’s Holdings Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 17th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.67.
Francesca’s Holdings Corporation is a holding company, which conducts its business operations through its subsidiaries. The Company is a specialty retailer that operates a nationwide-chain of boutiques. It is engaged in the operation of boutiques and its direct-to-consumer Website segment. The merchandise assortment is a mix of apparel, jewelry, accessories and gifts.

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