Francesca's Holdings Corp (FRAN) : Pleasant Lake Partners has sold out all of its stake in Francesca's Holdings Corp during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 111,133 shares of Francesca's Holdings Corp which is valued at $1,937,048.
Other Hedge Funds, Including , Qs Investors reduced its stake in FRAN by selling 5,309 shares or 94.37% in the most recent quarter. The Hedge Fund company now holds 317 shares of FRAN which is valued at $5,525. Trexquant Investment Lp added FRAN to its portfolio by purchasing 22,590 company shares during the most recent quarter which is valued at $379,512. Francesca's Holdings Corp makes up approx 0.08% of Trexquant Investment Lp’s portfolio.South Dakota Investment Council reduced its stake in FRAN by selling 49,636 shares or 15.03% in the most recent quarter. The Hedge Fund company now holds 280,700 shares of FRAN which is valued at $4,538,919. Francesca's Holdings Corp makes up approx 0.09% of South Dakota Investment Council’s portfolio.Swiss National Bank reduced its stake in FRAN by selling 4,800 shares or 6.83% in the most recent quarter. The Hedge Fund company now holds 65,500 shares of FRAN which is valued at $1,048,000.
Francesca's Holdings Corp opened for trading at $16.65 and hit $16.965 on the upside on Monday, eventually ending the session at $16.96, with a gain of 1.13% or 0.19 points. The heightened volatility saw the trading volume jump to 6,44,190 shares. Company has a market cap of $643 M.
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.
Many Wall Street Analysts have commented on Francesca's Holdings Corp. Francesca's Holdings Corp was Downgraded by Nomura to ” Neutral” on Nov 16, 2016. FBR & Co. Downgraded Francesca's Holdings Corp on Nov 15, 2016 to ” Underperform”, Price Target of the shares are set at $14.Company shares were Upgraded by Stifel on Sep 27, 2016 to ” Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .
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.