Shares of Francesca’s Holdings Corp (NASDAQ:FRAN) gapped up prior to trading on Friday . The stock had previously closed at $0.46, but opened at $0.48. Francesca’s shares last traded at $0.49, with a volume of 4,087,491 shares.
Separately, ValuEngine lowered shares of Francesca’s from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Francesca’s presently has a consensus rating of “Hold” and an average target price of $2.00.
The firm has a 50-day moving average price of $0.49. The company has a current ratio of 0.82, a quick ratio of 0.43 and a debt-to-equity ratio of 3.69.
In related news, major shareholder Cross River Capital Management purchased 208,612 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of $0.59 per share, with a total value of $123,081.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders acquired 224,320 shares of company stock worth $132,963. Insiders own 1.70% of the company’s stock.
Several hedge funds have recently made changes to their positions in FRAN. Apis Capital Advisors LLC acquired a new stake in Francesca’s in the 1st quarter valued at $119,000. Shah Capital Management bought a new position in Francesca’s during the 1st quarter valued at $988,000. Hanson & Doremus Investment Management lifted its stake in Francesca’s by 700.7% during the 1st quarter. Hanson & Doremus Investment Management now owns 39,557 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 34,617 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in Francesca’s by 20.0% during the 1st quarter. Hodges Capital Management Inc. now owns 300,000 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Francesca’s by 1,561.8% during the 4th quarter. Deutsche Bank AG now owns 1,175,093 shares of the specialty retailer’s stock valued at $1,139,000 after acquiring an additional 1,104,383 shares in the last quarter. 67.35% of the stock is currently owned by institutional investors and hedge funds.
About Francesca’s (NASDAQ:FRAN)
Francesca's Holdings Corporation, through its subsidiaries, operates a chain of retail boutiques. It offers fashion apparel, jewelry, accessories, and gifts for women between the ages of 18 and 35. The company's apparel products comprise dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry includes necklaces, earrings, bracelets, and rings.
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