Francesca’s (FRAN) Trading Down 11% After Earnings Miss

Francesca’s Holdings Corporation (NASDAQ:FRAN) shares were down 11% during trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $6.83 and last traded at $6.94. Approximately 6,252,200 shares were traded during trading, an increase of 512% from the average daily volume of 1,021,551 shares. The stock had previously closed at $7.80.

The specialty retailer reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Francesca’s had a net margin of 7.28% and a return on equity of 31.88%. The company had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.02 million. During the same period last year, the company earned $0.23 earnings per share. Francesca’s’s revenue for the quarter was down 11.5% compared to the same quarter last year.

A number of equities analysts have issued reports on the stock. B. Riley reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Francesca’s in a research note on Tuesday. Jefferies Group set a $9.00 price objective on shares of Francesca’s and gave the company a “hold” rating in a research note on Monday, August 21st. BidaskClub cut shares of Francesca’s from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. KeyCorp reaffirmed a “hold” rating on shares of Francesca’s in a research note on Friday, August 25th. Finally, ValuEngine cut shares of Francesca’s from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.33.

A number of hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. boosted its position in shares of Francesca’s by 0.3% during the second quarter. Alps Advisors Inc. now owns 29,733 shares of the specialty retailer’s stock worth $325,000 after purchasing an additional 77 shares in the last quarter. Isthmus Partners LLC boosted its position in shares of Francesca’s by 0.8% during the second quarter. Isthmus Partners LLC now owns 38,419 shares of the specialty retailer’s stock worth $420,000 after purchasing an additional 318 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Francesca’s by 2.6% during the second quarter. Thrivent Financial For Lutherans now owns 22,100 shares of the specialty retailer’s stock worth $242,000 after purchasing an additional 570 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Francesca’s by 1.6% during the second quarter. Parametric Portfolio Associates LLC now owns 47,751 shares of the specialty retailer’s stock worth $522,000 after purchasing an additional 772 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Francesca’s by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 237,427 shares of the specialty retailer’s stock worth $2,598,000 after purchasing an additional 1,206 shares in the last quarter.

The stock has a market capitalization of $286.53, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.23.

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About Francesca’s

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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