Francesca's Holdings Corp (FRAN) is Reiterated by Wedbush to Neutral, Raises Price Target to $ 16

Francesca's Holdings Corp (FRAN) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $14 . Wedbush advised their investors in a research report released on Sep 8, 2016.

Many Wall Street Analysts have commented on Francesca's Holdings Corp. Company shares were Reiterated by FBR Capital on Sep 8, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Company shares were Reiterated by Mizuho on Sep 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 15 from a previous price target of $11 .

On the company’s financial health, Francesca's Holdings Corp reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Sep 7, 2016. Analyst had a consensus of $0.18. The company had revenue of $115.30 million for the quarter, compared to analysts expectations of $109.05 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Francesca's Holdings Corp opened for trading at $15.86 and hit $15.9 on the upside on Wednesday, eventually ending the session at $14.97, with a gain of 7.01% or 0.98 points. The heightened volatility saw the trading volume jump to 6,524,789 shares. Company has a market cap of $601 M.

In a different news, on Jul 8, 2016, Laurie Hummel (Chief Merchandising Officer) purchased 7,000 shares at $10.97 per share price. According to the SEC, on Jun 13, 2016, Richard W Kunes (CEO) purchased 20,000 shares at $10.56 per share price. On Sep 16, 2015, Michael W Barnes (CEO) purchased 26,000 shares at $11.66 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Website. Through its Website its customers are able to purchase individual items shop the latest jewelry gift or fashion merchandise and special promotions.

Francesca's Holdings Corp

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