KBC Group NV Raises Position in Francesca’s Holdings Corporation (FRAN)

KBC Group NV grew its stake in Francesca’s Holdings Corporation (NASDAQ:FRAN) by 438.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,469 shares of the specialty retailer’s stock after buying an additional 86,712 shares during the period. KBC Group NV owned 0.29% of Francesca’s Holdings Corporation worth $1,165,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its position in Francesca’s Holdings Corporation by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the specialty retailer’s stock worth $236,000 after buying an additional 200 shares during the last quarter. Hartford Investment Management Co. acquired a new position in shares of Francesca’s Holdings Corporation during the 1st quarter worth $228,000. Nationwide Fund Advisors grew its stake in shares of Francesca’s Holdings Corporation by 133.6% during the 1st quarter. Nationwide Fund Advisors now owns 56,062 shares of the specialty retailer’s stock worth $861,000 after purchasing an additional 32,066 shares during the period. Wells Fargo & Company MN grew its stake in shares of Francesca’s Holdings Corporation by 71.8% during the 1st quarter. Wells Fargo & Company MN now owns 67,160 shares of the specialty retailer’s stock worth $1,032,000 after purchasing an additional 28,078 shares during the period. Finally, Geneva Advisors LLC grew its stake in shares of Francesca’s Holdings Corporation by 175.9% during the 1st quarter. Geneva Advisors LLC now owns 35,442 shares of the specialty retailer’s stock worth $544,000 after purchasing an additional 22,598 shares during the period.

FRAN has been the topic of a number of research reports. ValuEngine cut shares of Francesca’s Holdings Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. SunTrust Banks, Inc. lowered their price objective on shares of Francesca’s Holdings Corporation from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. KeyCorp reissued a “hold” rating on shares of Francesca’s Holdings Corporation in a research note on Friday, August 25th. Jefferies Group LLC set a $9.00 price target on shares of Francesca’s Holdings Corporation and gave the stock a “hold” rating in a research note on Monday, August 21st. Finally, FBR & Co set a $10.00 price target on shares of Francesca’s Holdings Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Francesca’s Holdings Corporation has a consensus rating of “Hold” and a consensus target price of $14.38.

Francesca’s Holdings Corporation (FRAN) traded up 3.32% during mid-day trading on Friday, hitting $7.46. 2,663,973 shares of the stock were exchanged. The company has a 50 day moving average price of $8.01 and a 200 day moving average price of $12.15. Francesca’s Holdings Corporation has a 52 week low of $6.71 and a 52 week high of $22.39. The stock has a market cap of $276.94 million, a price-to-earnings ratio of 7.18 and a beta of 0.18.

Francesca’s Holdings Corporation (NASDAQ:FRAN) last announced its quarterly earnings data on Wednesday, September 6th. The specialty retailer reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The firm had revenue of $119.70 million during the quarter, compared to analysts’ expectations of $119.80 million. Francesca’s Holdings Corporation had a return on equity of 31.88% and a net margin of 7.28%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. Analysts expect that Francesca’s Holdings Corporation will post $0.75 EPS for the current fiscal year.

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Francesca’s Holdings Corporation Company Profile

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.

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

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