Francesca's (FRAN) Shares Gap Up on Insider Buying Activity

Francesca's Holdings Corp (NASDAQ:FRAN)’s share price gapped up before the market opened on Friday following insider buying activity. The stock had previously closed at $5.37, but opened at $5.59. Francesca's shares last traded at $5.82, with a volume of 2007151 shares traded.

Specifically, CEO Steven Paul Lawrence purchased 10,000 shares of the stock in a transaction on Thursday, January 11th. The shares were purchased at an average price of $5.56 per share, with a total value of $55,600.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.19% of the stock is owned by insiders.

FRAN has been the topic of several recent analyst reports. Zacks Investment Research raised Francesca's from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub raised Francesca's from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. B. Riley reiterated a “hold” rating and set a $8.00 target price on shares of Francesca's in a research note on Tuesday, December 5th. TheStreet downgraded Francesca's from a “c” rating to a “d+” rating in a research note on Tuesday, December 5th. Finally, SunTrust Banks set a $8.00 target price on Francesca's and gave the stock a “buy” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $10.67.

The company has a market cap of $210.57, a P/E ratio of 8.20, a P/E/G ratio of 0.77 and a beta of 0.23.

Francesca's (NASDAQ:FRAN) last issued its earnings results on Tuesday, December 5th. The specialty retailer reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Francesca's had a return on equity of 23.19% and a net margin of 5.52%. The business had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.02 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s revenue was down 11.5% compared to the same quarter last year. sell-side analysts forecast that Francesca's Holdings Corp will post 0.62 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Isthmus Partners LLC boosted its stake in shares of Francesca's by 0.8% during the 2nd quarter. Isthmus Partners LLC now owns 38,419 shares of the specialty retailer’s stock worth $420,000 after acquiring an additional 318 shares during the period. Thrivent Financial For Lutherans boosted its stake in Francesca's by 2.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 22,100 shares of the specialty retailer’s stock valued at $242,000 after purchasing an additional 570 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Francesca's by 1.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 47,751 shares of the specialty retailer’s stock valued at $522,000 after purchasing an additional 772 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Francesca's by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 237,427 shares of the specialty retailer’s stock valued at $2,598,000 after purchasing an additional 1,206 shares during the period. Finally, Globeflex Capital L P boosted its stake in Francesca's by 4.4% in the 2nd quarter. Globeflex Capital L P now owns 87,976 shares of the specialty retailer’s stock valued at $962,000 after purchasing an additional 3,700 shares during the period.

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About Francesca's

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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