Francesca’s Holdings Corp (FRAN) Major Shareholder Buys $123,081.08 in Stock

Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management acquired 208,612 shares of Francesca’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $0.59 per share, for a total transaction of $123,081.08. The acquisition was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Cross River Capital Management also recently made the following trade(s):

  • On Wednesday, May 8th, Cross River Capital Management acquired 5,708 shares of Francesca’s stock. The shares were purchased at an average price of $0.61 per share, for a total transaction of $3,481.88.
  • On Monday, May 6th, Cross River Capital Management acquired 10,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.64 per share, for a total transaction of $6,400.00.

Shares of FRAN opened at $0.54 on Friday. Francesca’s Holdings Corp has a 12 month low of $0.51 and a 12 month high of $8.48. The company has a current ratio of 2.17, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

Francesca’s (NASDAQ:FRAN) last announced its earnings results on Friday, May 3rd. The specialty retailer reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The firm had revenue of $119.31 million for the quarter. Francesca’s had a negative return on equity of 10.14% and a negative net margin of 9.56%.

Separately, ValuEngine upgraded Francesca’s from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Francesca’s has an average rating of “Hold” and a consensus target price of $2.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in Francesca’s by 16.5% during the 4th quarter. Rhumbline Advisers now owns 98,116 shares of the specialty retailer’s stock worth $95,000 after buying an additional 13,864 shares during the period. Two Sigma Securities LLC acquired a new position in Francesca’s during the 4th quarter worth about $25,000. Symons Capital Management Inc. lifted its holdings in Francesca’s by 130.8% during the 4th quarter. Symons Capital Management Inc. now owns 53,068 shares of the specialty retailer’s stock worth $52,000 after buying an additional 30,076 shares during the period. Citigroup Inc. lifted its holdings in Francesca’s by 14,059.6% during the 4th quarter. Citigroup Inc. now owns 33,275 shares of the specialty retailer’s stock worth $32,000 after buying an additional 33,040 shares during the period. Finally, Hanson & Doremus Investment Management lifted its holdings in Francesca’s by 700.7% during the 1st quarter. Hanson & Doremus Investment Management now owns 39,557 shares of the specialty retailer’s stock worth $27,000 after buying an additional 34,617 shares during the period. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

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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 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.

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