Equities research analysts expect Francesca's Holdings Corp (NASDAQ:FRAN) to report sales of $137.75 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Francesca's’ earnings, with the highest sales estimate coming in at $138.50 million and the lowest estimate coming in at $137.00 million. Francesca's reported sales of $146.35 million during the same quarter last year, which would suggest a negative year over year growth rate of 5.9%. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, March 27th.
On average, analysts expect that Francesca's will report full-year sales of $137.75 million for the current fiscal year, with estimates ranging from $470.00 million to $471.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $488.70 million per share, with estimates ranging from $476.10 million to $505.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Francesca's.
FRAN has been the subject of a number of analyst reports. Zacks Investment Research cut Francesca's from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. SunTrust Banks set a $8.00 price objective on Francesca's and gave the stock a “buy” rating in a research note on Friday, January 5th. B. Riley reaffirmed a “hold” rating and set a $6.00 price objective on shares of Francesca's in a research note on Tuesday, January 9th. BidaskClub raised Francesca's from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Finally, ValuEngine raised Francesca's from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $10.67.
In other Francesca's news, CEO Steven Paul Lawrence bought 10,000 shares of Francesca's stock in a transaction on Thursday, January 11th. The shares were purchased at an average cost of $5.56 per share, for a total transaction of $55,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.19% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Cetera Advisor Networks LLC bought a new position in Francesca's during the third quarter worth about $124,000. FNY Managed Accounts LLC bought a new position in Francesca's during the third quarter worth about $135,000. MetLife Investment Advisors LLC bought a new position in Francesca's during the fourth quarter worth about $137,000. Engineers Gate Manager LP bought a new position in Francesca's during the fourth quarter worth about $150,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Francesca's in the third quarter valued at about $186,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.
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Francesca's Company Profile
Francesca’s Holdings Corporation is a holding company. The Company is a specialty retailer, which operates a chain of boutiques across the United States. The Company offers a mix of apparel, jewelry, accessories and gifts. As of January 28, 2017, the Company operated 671 boutiques in 48 states and the District of Columbia, and also served its customers through www.francescas.com, its e-commerce Website.
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