Francesca’s Holdings Corp. (NASDAQ: FRAN) had its price target boosted by equities researchers at Jefferies Group from $13.00 to $15.00. The company currently has a rating of Hold on the shares. The one-year price target of $15.14 is lower than the opening price of $15.35, that has caused a fair amount of other analysts to comment on the company in recent days. Looking back over the last year, Francesca’s Holdings Corp. stock has a high of $19.90.
The Fed stood pat on interest rates on Wednesday, helping stocks to mostly higher levels but Chairwoman Janet Yellen indicated an interest rate hike is likely by year’s end
On Wednesday, the S&P 500 SPX, +1.09% ended 1.1% higher, while the Dow DJIA, +0.90% jumped by 0.9%, or 164 points, as each exchange finished in positive territory for a second consecutive day.
The tech-heavy Nasdaq Composite COMP, +1.03% tacked on 1% and scored a record closing high.
S&P 500 futures ESZ6, +0.36% were up 6.55 points, or 0.3%, to 2,162.75 early Thursday, while Dow Jones Industrial Average futures YMZ6, +0.37% rose 58 points, or 0.3%, to 18,276. Nasdaq-100 futures NQZ6, +0.39% gained 16.25 points, or 0.3%, to 4,866.25.
Shares of Francesca’s Holdings Corp. (NASDAQ: FRAN) opened at $15.35 yesterday trading between $15.10 and $15.44, and last traded at $15.31, a spike of $0.14 over the previous closing price.
Francesca’s Holdings Corp. (NASDAQ: FRAN) now has a market cap of 580.54M.
The stock’s average daily volume is 960,862 shares out of a total float 37,492,000 and some 834,455 shares crossed the trading desk yesterday, lower than the norm. Swing traders often use swings in trading volume to pinpoint heavy volume aggregation or circulation by institutional investors, so look for trading volume to pick up in the coming days.
However, one day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a cue that financial institutions are moving forward.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
With that in mind, Francesca’s Holdings Corp. (NASDAQ: FRAN) now has a 50-day MA of $14.17 and 200-day MA of $14.26. It has traded in a 52-week range between $9.75 – 19.90 and today’s last price is 0.23% lower than the 52 week high of $19.90.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors look for companies that have raised their earnings at least 25% or more for 3 consecutive years.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.