Francesca’s Holdings Corp. Downgraded to Sell at Goldman Sachs Group Inc. (FRAN)
Francesca’s Holdings Corp. (NASDAQ:FRAN) was downgraded by Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $16.00 price objective on the stock, down from their previous price objective of $18.00. Goldman Sachs Group Inc.’s price objective indicates a potential downside of 21.76% from the company’s current price.
A number of other firms have also recently commented on FRAN. Analysts at Nomura reiterated a “buy” rating on shares of Francesca’s Holdings Corp. in a research note to investors on Tuesday. Separately, analysts at Zacks upgraded shares of Francesca’s Holdings Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 15th. They now have a $21.70 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Francesca’s Holdings Corp. from $22.00 to $25.00 in a research note to investors on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.82.
Shares of Francesca’s Holdings Corp. (NASDAQ:FRAN) traded down 6.16% during mid-day trading on Wednesday, hitting $19.19. The stock had a trading volume of 1,392,820 shares. Francesca’s Holdings Corp. has a 52-week low of $15.62 and a 52-week high of $32.43. The stock’s 50-day moving average is $18. and its 200-day moving average is $20.42. The company has a market cap of $806.2 million and a P/E ratio of 18.59.
Francesca’s Holdings Corp. (NASDAQ:FRAN) last posted its quarterly earnings results 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 $1.06 earnings per share for the current fiscal year.
Francesca’s Holdings Corporation (NASDAQ:FRAN) is a holding company.
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