Francesca’s Holdings Corp (FRAN) Position Reduced by BlackRock Inc.

BlackRock Inc. cut its holdings in Francesca’s Holdings Corp (NASDAQ:FRAN) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,719,819 shares of the specialty retailer’s stock after selling 27,703 shares during the period. BlackRock Inc. owned 13.09% of Francesca’s worth $35,636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Towle & Co. lifted its holdings in Francesca’s by 50.1% in the second quarter. Towle & Co. now owns 5,057,533 shares of the specialty retailer’s stock valued at $38,184,000 after acquiring an additional 1,687,673 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Francesca’s by 16.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,170,907 shares of the specialty retailer’s stock worth $10,420,000 after purchasing an additional 311,847 shares in the last quarter. Royce & Associates LP lifted its stake in Francesca’s by 323.4% during the second quarter. Royce & Associates LP now owns 1,298,373 shares of the specialty retailer’s stock worth $9,803,000 after purchasing an additional 991,719 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Francesca’s by 10.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 636,315 shares of the specialty retailer’s stock worth $4,804,000 after purchasing an additional 60,130 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. lifted its stake in Francesca’s by 77.7% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 542,770 shares of the specialty retailer’s stock worth $4,098,000 after purchasing an additional 237,320 shares in the last quarter. Hedge funds and other institutional investors own 96.46% of the company’s stock.

A number of research analysts have commented on FRAN shares. BidaskClub upgraded Francesca’s from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 26th. B. Riley upped their price target on Francesca’s from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, August 15th. ValuEngine upgraded Francesca’s from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research cut Francesca’s from a “buy” rating to a “sell” rating in a research note on Monday, August 20th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.67.

Shares of NASDAQ FRAN opened at $2.80 on Friday. The firm has a market capitalization of $114.83 million, a PE ratio of 5.38 and a beta of 0.18. Francesca’s Holdings Corp has a 12-month low of $2.79 and a 12-month high of $8.48.

Francesca’s (NASDAQ:FRAN) last announced its quarterly earnings data on Tuesday, September 11th. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $113.00 million during the quarter, compared to analyst estimates of $120.77 million. Francesca’s had a net margin of 0.12% and a return on equity of 3.35%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 earnings per share. Analysts anticipate that Francesca’s Holdings Corp will post 0.15 EPS for the current year.

In related news, Director Martyn R. Redgrave acquired 15,000 shares of Francesca’s stock in a transaction dated Tuesday, September 25th. The shares were acquired at an average cost of $3.93 per share, for a total transaction of $58,950.00. Following the completion of the purchase, the director now owns 70,353 shares in the company, valued at $276,487.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Steven Paul Lawrence acquired 10,000 shares of Francesca’s stock in a transaction dated Friday, September 14th. The stock was bought at an average price of $4.11 per share, for a total transaction of $41,100.00. Following the completion of the purchase, the chief executive officer now owns 209,832 shares of the company’s stock, valued at approximately $862,409.52. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Francesca’s Company Profile

Francesca's Holdings Corporation, through its subsidiaries, operates a chain of retail boutiques. It offers fashion apparel, jewelry, accessories, and gifts primarily 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.

Further Reading: Average Daily Trade Volume Explained

Institutional Ownership by Quarter for Francesca`s (NASDAQ:FRAN)

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