B. Riley Reaffirms “Hold” Rating for Francesca’s (FRAN)
Francesca’s (NASDAQ:FRAN)‘s stock had its “hold” rating reissued by research analysts at B. Riley in a report issued on Tuesday. They presently have a $8.00 price objective on the specialty retailer’s stock. B. Riley’s target price would indicate a potential upside of 15.27% from the stock’s current price. B. Riley also issued estimates for Francesca’s’ Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $0.67 EPS and FY2019 earnings at $0.71 EPS.
Several other equities analysts also recently commented on the stock. Jefferies Group set a $9.00 price target on shares of Francesca’s and gave the company a “hold” rating in a report on Monday, August 21st. Zacks Investment Research upgraded shares of Francesca’s from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub downgraded shares of Francesca’s from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. KeyCorp reiterated a “hold” rating on shares of Francesca’s in a report on Friday, August 25th. Finally, ValuEngine downgraded shares of Francesca’s from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.71.
Shares of Francesca’s (FRAN) traded down $0.86 during midday trading on Tuesday, hitting $6.94. 6,252,200 shares of the stock traded hands, compared to its average volume of 1,021,551. The stock has a market cap of $286.53, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.23. Francesca’s has a 52-week low of $6.33 and a 52-week high of $22.39.
A number of hedge funds have recently modified their holdings of FRAN. Koch Industries Inc. bought a new position in Francesca’s in the 2nd quarter worth about $110,000. Cetera Advisor Networks LLC bought a new position in shares of Francesca’s during the third quarter valued at approximately $124,000. FNY Managed Accounts LLC bought a new position in shares of Francesca’s during the third quarter valued at approximately $135,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Francesca’s by 57.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 13,670 shares of the specialty retailer’s stock valued at $149,000 after purchasing an additional 4,980 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Francesca’s during the second quarter valued at approximately $151,000.
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Francesca’s 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.
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