Francesca’s Holdings Corporation (NASDAQ:FRAN) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.33.
Several brokerages have issued reports on FRAN. BidaskClub cut shares of Francesca’s from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. ValuEngine cut shares of Francesca’s from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of Francesca’s in a research note on Friday, August 25th. Zacks Investment Research cut shares of Francesca’s from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, FBR & Co reaffirmed a “neutral” rating and set a $8.00 price target (down from $10.00) on shares of Francesca’s in a research note on Wednesday, September 6th.
Shares of Francesca’s (NASDAQ FRAN) remained flat at $$6.79 during trading on Thursday. 1,505,162 shares of the company’s stock traded hands, compared to its average volume of 1,052,020. The firm has a market capitalization of $245.66, a price-to-earnings ratio of 8.96, a PEG ratio of 0.75 and a beta of 0.23. Francesca’s has a fifty-two week low of $6.04 and a fifty-two week high of $21.33.
A number of large investors have recently added to or reduced their stakes in FRAN. Koch Industries Inc. purchased a new position in Francesca’s in the 2nd quarter valued at about $110,000. Cetera Advisor Networks LLC purchased a new position in Francesca’s in the 3rd quarter valued at about $124,000. FNY Managed Accounts LLC purchased a new position in Francesca’s in the 3rd quarter valued at about $135,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Francesca’s by 57.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,670 shares of the specialty retailer’s stock worth $149,000 after acquiring an additional 4,980 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Francesca’s during the 2nd quarter worth about $151,000.
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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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