Buckingham Capital Management Inc Lowers stake in Francesca's Holdings Corp (FRAN)

Francesca's Holdings Corp (FRAN) : Buckingham Capital Management Inc reduced its stake in Francesca's Holdings Corp by 16.29% during the most recent quarter end. The investment management company now holds a total of 1,204,542 shares of Francesca's Holdings Corp which is valued at $21,501,075 after selling 234,454 shares in Francesca's Holdings Corp , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Francesca's Holdings Corp makes up approximately 1.25% of Buckingham Capital Management Inc’s portfolio.

Francesca's Holdings Corp opened for trading at $17.62 and hit $17.925 on the upside on Friday, eventually ending the session at $17.85, with a gain of 1.88% or 0.33 points. The heightened volatility saw the trading volume jump to 6,63,445 shares. Company has a market cap of $723 M.

Other Hedge Funds, Including , New York State Teachers Retirement System boosted its stake in FRAN in the latest quarter, The investment management firm added 6,600 additional shares and now holds a total of 34,051 shares of Francesca's Holdings Corp which is valued at $607,810.Simplex Trading reduced its stake in FRAN by selling 11,002 shares or 82.37% in the most recent quarter. The Hedge Fund company now holds 2,355 shares of FRAN which is valued at $43,285. Francesca's Holdings Corp makes up approx 0.01% of Simplex Trading’s portfolio.Independent Portfolio Consultants boosted its stake in FRAN in the latest quarter, The investment management firm added 265 additional shares and now holds a total of 30,765 shares of Francesca's Holdings Corp which is valued at $565,461. Francesca's Holdings Corp makes up approx 0.16% of Independent Portfolio Consultants’s portfolio. Creative Planning added FRAN to its portfolio by purchasing 217 company shares during the most recent quarter which is valued at $3,798.

On the company’s financial health, Francesca's Holdings Corp reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $0.34. The company had revenue of $134.60 million for the quarter, compared to analysts expectations of $132.21 million. The company’s revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Francesca's Holdings Corp. Wolfe Research Upgraded Francesca's Holdings Corp on Apr 14, 2016 to ” Outperform”, Price Target of the shares are set at $20.Francesca's Holdings Corp was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Mar 24, 2016. Francesca's Holdings Corp was Upgraded by Guggenheim to ” Buy” on Mar 24, 2016.

Francesca’s Holdings Corporation is a holding company. The Company’s business operations are conducted through its subsidiaries. The Company operates a national chain of retail boutiques designed and merchandised to feel like independently owned upscale boutiques and provide its customers with an inviting shopping experience. The Company offers a mix of apparel jewelry accessories and gifts. The Company operates approximately 539 boutiques which are located in 47 states throughout the United States and the District of Columbia and its direct-to-consumer Website. The Company’s direct-to-consumer business consists of its www.francescas.com Website. Through its Website its customers are able to purchase individual items shop the latest jewelry gift or fashion merchandise and special promotions.

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