Francesca’s (NASDAQ:FRAN) Sees Unusually-High Trading Volume Following Insider Buying Activity

Shares of Francesca’s Holdings Corp (NASDAQ:FRAN) saw unusually-strong trading volume on Wednesday after an insider bought additional shares in the company. Approximately 9,440,960 shares were traded during trading, an increase of 5,486% from the previous session’s volume of 169,014 shares.The stock last traded at $3.77 and had previously closed at $3.39.

Specifically, major shareholder Cross River Capital Management bought 97,189 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of $0.40 per share, with a total value of $38,875.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 976,235 shares of company stock worth $1,152,353 in the last ninety days. 1.70% of the stock is currently owned by insiders.

Separately, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $24.00.

The company has a 50-day moving average price of $1.68. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.43 and a current ratio of 0.82.

Francesca’s (NASDAQ:FRAN) last released its quarterly earnings results on Friday, May 3rd. The specialty retailer reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.20) by $1.08. The business had revenue of $119.31 million for the quarter. Francesca’s had a negative net margin of 11.38% and a negative return on equity of 14.30%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Francesca’s by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,985,647 shares of the specialty retailer’s stock worth $2,898,000 after buying an additional 79,840 shares during the period. Shah Capital Management bought a new stake in shares of Francesca’s during the 1st quarter worth $988,000. Deutsche Bank AG boosted its holdings in shares of Francesca’s by 1,561.8% during the 4th quarter. Deutsche Bank AG now owns 1,175,093 shares of the specialty retailer’s stock worth $1,139,000 after buying an additional 1,104,383 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Francesca’s by 209.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 920,897 shares of the specialty retailer’s stock worth $894,000 after buying an additional 623,630 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Francesca’s by 75.0% during the 4th quarter. Two Sigma Investments LP now owns 692,398 shares of the specialty retailer’s stock worth $672,000 after buying an additional 296,653 shares during the period.

Francesca’s Company Profile (NASDAQ:FRAN)

Francesca's Holdings Corporation, through its subsidiaries, operates a chain of boutiques. The company offers fashion apparel, jewelry, accessories, and gifts for women between the ages of 18 and 35. Its apparel products include dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry comprise necklaces, earrings, bracelets, and rings.

Further Reading: Why do commodities matter?

Receive News & Ratings for Francesca's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Francesca's and related companies with MarketBeat.com's FREE daily email newsletter.