Francesca's (FRAN) Shares Gap Up Following Insider Buying Activity

Shares of Francesca's Holdings Corp (NASDAQ:FRAN) gapped up before the market opened on Friday following insider buying activity. The stock had previously closed at $5.37, but opened at $5.59. Francesca's shares last traded at $5.82, with a volume of 2007151 shares trading hands.

Specifically, CEO Steven Paul Lawrence purchased 10,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were bought at an average price of $5.56 per share, for a total transaction of $55,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.19% of the company’s stock.

Several research analysts have recently commented on the stock. BidaskClub upgraded shares of Francesca's from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. SunTrust Banks set a $8.00 price target on shares of Francesca's and gave the stock a “buy” rating in a research note on Friday, January 5th. ValuEngine lowered shares of Francesca's from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. B. Riley reiterated a “hold” rating and issued a $8.00 target price on shares of Francesca's in a research note on Tuesday, December 5th. Finally, Zacks Investment Research upgraded shares of Francesca's from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Francesca's currently has an average rating of “Hold” and a consensus target price of $10.67.

The company has a market capitalization of $202.24, a P/E ratio of 8.08, a PEG ratio of 0.80 and a beta of 0.23.

Francesca's (NASDAQ:FRAN) last posted its earnings results on Tuesday, December 5th. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Francesca's had a net margin of 5.52% and a return on equity of 23.19%. The firm had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.02 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. sell-side analysts predict that Francesca's Holdings Corp will post 0.56 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Isthmus Partners LLC grew its position in Francesca's by 0.8% in the 2nd quarter. Isthmus Partners LLC now owns 38,419 shares of the specialty retailer’s stock worth $420,000 after purchasing an additional 318 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Francesca's by 2.6% in the 2nd 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 during the last quarter. Parametric Portfolio Associates LLC grew its position in Francesca's by 1.6% in the 2nd 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 during the last quarter. Schwab Charles Investment Management Inc. grew its position in Francesca's by 0.5% in the 2nd 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 during the last quarter. Finally, Globeflex Capital L P grew its position in Francesca's by 4.4% in the 2nd quarter. Globeflex Capital L P now owns 87,976 shares of the specialty retailer’s stock worth $962,000 after purchasing an additional 3,700 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Francesca's (FRAN) Shares Gap Up Following Insider Buying Activity” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.com-unik.info/2018/01/14/francescas-fran-shares-gap-up-following-insider-buying-activity.html.

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.

Receive News & Ratings for Francesca's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Francesca's and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit