Francesca’s Holdings Corp. Given New $30.00 Price Target at Canaccord Genuity (FRAN)
Equities researchers at Canaccord Genuity lowered their price objective on shares of Francesca’s Holdings Corp. (NASDAQ:FRAN) from $35.00 to $30.00 in a research report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 65.75% from the stock’s previous close.
The analysts wrote, “FRAN’s Q3 EPS of $0.20 was $0.02 below our estimate and in line with consensus. The SG&A expense rate was 140bps above our estimate, reflecting higher payroll related to the company’s expanded managerial personnel in stores. A higher interest expense reduced EPS by a penny versus our estimate. Shares have come under pressure after the company commented that November sales fell below expectations, particularly during the final week, and reduced its Q4 outlook. Retail store traffic continues to weaken, and FRAN guided for a Q4 SSS decline of 3% to 8% on top of +9.2%. The company reduced its Q4 EPS guidance by $0.07 at the midpoint of its previous implied range to $0.25-$0.29. Prior consensus was $0.34. We do not think FRAN’s growth potential is priced in with shares trading at 12x our FY14 EPS estimate and 7x FY14E EV/EBITDA.”
Shares of Francesca’s Holdings Corp. (NASDAQ:FRAN) traded down 7.90% on Thursday, hitting $16.67. 2,719,565 shares of the company’s stock traded hands. Francesca’s Holdings Corp. has a 52 week low of $16.40 and a 52 week high of $32.43. The stock has a 50-day moving average of $18.54 and a 200-day moving average of $22.88. The company has a market cap of $735.0 million and a P/E ratio of 15.88.
Francesca’s Holdings Corp. (NASDAQ:FRAN) last released its earnings data on Thursday, December 5th. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. The company had revenue of $79.60 million for the quarter, compared to the consensus estimate of $79.20 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts predict that Francesca’s Holdings Corp. will post $1.13 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on FRAN. Analysts at Janney Montgomery Scott downgraded shares of Francesca’s Holdings Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. They now have a $22.00 price target on the stock, down previously from $24.00. Separately, analysts at Mizuho initiated coverage on shares of Francesca’s Holdings Corp. in a research note to investors on Friday, November 15th. They set a “neutral” rating on the stock. Finally, analysts at TheStreet downgraded shares of Francesca’s Holdings Corp. from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Francesca’s Holdings Corp. has an average rating of “Hold” and an average price target of $27.23.
Francesca’s Holdings Corporation (NASDAQ:FRAN) is a holding company.
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