Investors Purchase High Volume of Put Options on Francesca’s Holdings Corporation (FRAN)

Francesca’s Holdings Corporation (NASDAQ:FRAN) saw some unusual options trading activity on Wednesday. Investors acquired 59,317 put options on the stock. This represents an increase of 1,613% compared to the typical volume of 3,462 put options.

Shares of Francesca’s Holdings Corporation (NASDAQ FRAN) traded up 3.32% on Friday, hitting $7.46. 2,663,973 shares of the company traded hands. The stock’s 50-day moving average price is $8.01 and its 200-day moving average price is $12.15. The company has a market capitalization of $276.94 million, a PE ratio of 7.18 and a beta of 0.18. Francesca’s Holdings Corporation has a 12 month low of $6.71 and a 12 month high of $22.39.

Francesca’s Holdings Corporation (NASDAQ:FRAN) last released its earnings results on Wednesday, September 6th. The specialty retailer reported $0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Francesca’s Holdings Corporation had a net margin of 7.28% and a return on equity of 31.88%. The business had revenue of $119.70 million for the quarter, compared to analysts’ expectations of $119.80 million. During the same period last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that Francesca’s Holdings Corporation will post $0.75 earnings per share for the current year.

Several brokerages have weighed in on FRAN. Zacks Investment Research downgraded shares of Francesca’s Holdings Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. FBR & Co restated a “neutral” rating and issued a $8.00 target price (down from $10.00) on shares of Francesca’s Holdings Corporation in a research note on Wednesday, September 6th. SunTrust Banks, Inc. lowered their target price on shares of Francesca’s Holdings Corporation from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. ValuEngine downgraded shares of Francesca’s Holdings Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Francesca’s Holdings Corporation in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.38.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC boosted its position in shares of Francesca’s Holdings Corporation by 6.6% in the first quarter. Mason Street Advisors LLC now owns 8,835 shares of the specialty retailer’s stock worth $136,000 after acquiring an additional 549 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Francesca’s Holdings Corporation in the first quarter worth approximately $161,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Francesca’s Holdings Corporation in the first quarter worth approximately $173,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Francesca’s Holdings Corporation in the first quarter worth approximately $187,000. Finally, Karp Capital Management Corp acquired a new stake in shares of Francesca’s Holdings Corporation in the first quarter worth approximately $191,000.

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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.

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