The company is now down from yesterday’s close of $10. Shares are trading at $9.85 which is marginally under the 50 day moving average of $12.17 and which is slightly below the 200 day moving average of $15.84. The 50 day moving average was down $-2.29 or -18.782% and the 200 day average moved down $-5.96.
Short traders are more bearish on Francesca’s Holdings Corporatio of late as shown by the uptick in short interest. The firm had a rise in short interest of 3.33% as of May 15, 2017 from the last reporting period. Short interest increased from 3,789,500 to 3,915,521 over that period. The days to cover decreased to 4.5 and the percentage of shorted shares was 0.11% on May 15.
There has been some buying and selling insider activity on Francesca’s Holdings Corporatio (NASDAQ:FRAN) recently. Khalid Mir Malik, CAO disclosed the sale of 110,692 shares of (FRAN). The shares were sold on March 28th for an average price of $15.95. The CAO now owns $1,065,157 of the stock according to the SEC filing. Chief Merchandising Officer Laurie Hummel purchased 7,000 shares at an average price of $10.97 on Thu the 30th. The Chief Merchandising Officer now owns $376,622 of the stock as reported to the SEC.
Laurie Hummel, Chief Merchandising Officer purchased $99,370 worth of shares at an average price of $10.46 on June 24th. That brings the Chief Merchandising Officer’s holdings to $285,893 as recorded in a recent Form 4 SEC filing.
Francesca’s Holdings Corporation, launched on April 13, 2007, is a holding company. The Company conducts its business operations through its subsidiaries. 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. As of January 28, 2017, the Business’s boutiques were located in Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Idaho, Iowa, Kansas, Maine, Kentucky, Maryland, Michigan, Montana, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Texas, Utah, Virginia and Washington, among others..
Here are a few additional firms who have increased or decreased their stake in (FRAN). Capstone Asset Management Co divested its investment by selling 470 shares a decrease of 3.8% as of 06/30/2017. Capstone Asset Management Co claims 11,976 shares with a value of $131,000. The total value of its holdings decreased 31.4%. As of the end of the quarter Fny Managed Accounts LLC had disposed of 100 shares trimming its position 3.1%. The value of the total investment in Francesca’s Holdings Corporatio went from $49,000 to $47,000 a change of 4.1% quarter to quarter.
As of quarter end Morgan Stanley had sold a total of 2,521 shares trimming its stake by 71.3%. The value of the company’s investment in Francesca’s Holdings Corporatio decreased from $64,000 to $16,000 a change of $48,000 for the reporting period. As of quarter end Tower Research Capital LLC (trc) had disposed of 4,676 shares trimming its holdings by 67.1%. The value in dollars went from $126,000 to $35,000 decreasing 72.2% quarter over quarter.
On May 31 the company was upgraded to “Market Perform” from “Underperform” in a report issued by FBR Capital. On November 16 the company was rated “Underperform” in a report from Nomura which was a cut from the previous “Buy” rating.
On November 15 the stock rating was downgraded from “Market Perform” to “Underperform” in a statement from FBR Capital. On September 27, 2016 the stock rating was changed to a “Buy” by Stifel Nicolaus up from the previous “” rating.
September 8 investment analysts at SunTrust Robinson Humphrey held the company rating at “Buy” but moved down the price target to $16.00 from $20.00. On September 8 Nomura left the stock rating at “Buy” and moved down the price target from $18.00 to $16.00.
The P/E ratio is 9.514 and market capitalization is 366.96M. As of the latest earnings report the EPS was $1.04 and is expected to be $1.07 for the current year with 37,123,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.27 with next year’s EPS projected to be $1.16.