Francesca's Holdings Corp (FRAN) was Downgraded by Wolfe Research to ” Peer Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wolfe Research advised their investors in a research report released on May 17, 2016.
Many Wall Street Analysts have commented on Francesca's Holdings Corp. Francesca's Holdings Corp was Downgraded by Jefferies to ” Hold” on May 17, 2016. Shares were Reiterated by Mizuho on May 17, 2016 to “Neutral” and Lowered the Price Target to $ 11 from a previous price target of $19 .Wolfe Research Upgraded Francesca's Holdings Corp on Apr 14, 2016 to ” Outperform”, Price Target of the shares are set at $20.
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.
Francesca's Holdings Corp opened for trading at $14.94 and hit $15.19 on the upside on Monday, eventually ending the session at $14.91, with a gain of 0.20% or 0.03 points. The heightened volatility saw the trading volume jump to 8,74,405 shares. Company has a market cap of $604 M.
In a different news, on Sep 16, 2015, Michael W Barnes (CEO) purchased 26,000 shares at $11.66 per share price. According to the SEC, on Sep 16, 2015, Martyn R Redgrave (director) purchased 21,000 shares at $11.88 per share price.
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.