Francesca’s (NASDAQ:FRAN) Trading 10.6% Higher
Francesca’s Holdings Corp (NASDAQ:FRAN)’s share price rose 10.6% on Thursday . The stock traded as high as $17.43 and last traded at $16.76, approximately 904,017 shares traded hands during mid-day trading. An increase of 110% from the average daily volume of 430,670 shares. The stock had previously closed at $15.16.
Separately, ValuEngine upgraded shares of Francesca’s from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.
The company has a quick ratio of 0.50, a current ratio of 0.88 and a debt-to-equity ratio of 3.55. The company’s fifty day moving average price is $10.00 and its two-hundred day moving average price is $3.71.
In other Francesca’s news, major shareholder Cross River Capital Management acquired 29,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were acquired at an average price of $4.23 per share, with a total value of $122,670.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard J. Emmett acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $11.43 per share, for a total transaction of $57,150.00. Following the transaction, the director now owns 26,374 shares of the company’s stock, valued at $301,454.82. The disclosure for this purchase can be found here. Insiders bought 174,284 shares of company stock valued at $701,065 in the last quarter. Corporate insiders own 1.70% of the company’s stock.
Several hedge funds have recently made changes to their positions in FRAN. Jane Street Group LLC bought a new stake in shares of Francesca’s in the second quarter worth $52,000. GSA Capital Partners LLP bought a new stake in shares of Francesca’s in the second quarter worth $79,000. Vanguard Group Inc. lifted its position in shares of Francesca’s by 12.7% in the second quarter. Vanguard Group Inc. now owns 1,526,295 shares of the specialty retailer’s stock worth $755,000 after purchasing an additional 172,095 shares in the last quarter. Shah Capital Management lifted its position in shares of Francesca’s by 18.0% in the second quarter. Shah Capital Management now owns 1,725,000 shares of the specialty retailer’s stock worth $853,000 after purchasing an additional 262,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Francesca’s by 43.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,836,595 shares of the specialty retailer’s stock worth $909,000 after purchasing an additional 557,757 shares in the last quarter.
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.
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