Spark Investment Management buys $9,880,076 stake in Francesca's Holdings Corp (FRAN)

Francesca's Holdings Corp (FRAN) : Spark Investment Management scooped up 316,300 additional shares in Francesca's Holdings Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 732,400 shares of Francesca's Holdings Corp which is valued at $9,880,076.Francesca's Holdings Corp makes up approximately 0.85% of Spark Investment Management’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. sold out all of its stake in FRAN during the most recent quarter. The investment firm sold 7,800 shares of FRAN which is valued $105,222. Dynamic Technology Lab Private Ltd sold out all of its stake in FRAN during the most recent quarter. The investment firm sold 52,693 shares of FRAN which is valued $710,829. Castleark Management sold out all of its stake in FRAN during the most recent quarter. The investment firm sold 325,340 shares of FRAN which is valued $4,388,837.Victory Capital Management Inc boosted its stake in FRAN in the latest quarter, The investment management firm added 1,568 additional shares and now holds a total of 3,595 shares of Francesca's Holdings Corp which is valued at $48,497. Ftb Advisors sold out all of its stake in FRAN during the most recent quarter. The investment firm sold 2,067 shares of FRAN which is valued $26,272.

Francesca's Holdings Corp opened for trading at $13.96 and hit $14.33 on the upside on Monday, eventually ending the session at $14.14, with a gain of 1.87% or 0.26 points. The heightened volatility saw the trading volume jump to 5,72,034 shares. Company has a market cap of $568 M.

On the company’s financial health, Francesca's Holdings Corp reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 9, 2016. Analyst had a consensus of $0.17. The company had revenue of $106.10 million for the quarter, compared to analysts expectations of $107.04 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on Francesca's Holdings Corp. Shares were Reiterated by FBR Capital on Jun 10, 2016 to “Mkt Perform” and Lowered the Price Target to $ 12 from a previous price target of $19 .Shares were Reiterated by Sun Trust Rbsn Humphrey on May 18, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $22 .Shares were Reiterated by SunTrust on May 18, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $22 .

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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