The company said it expects sales for the quarter to be in the range of $114 million to $118 million, above the Thomson Reuters consensus estimate of $110 million.
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Several brokerages have weighed in on FRAN.
The average true range of Francesca’s Holdings Corporation’s (FRAN) is recorded at 0.59 and the relative strength index of the stock stands 70.68. Wolfe Research cut shares of Francesca’s Holdings Corp. from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, May 17th. Finally, Goldman Sachs Group dropped their price objective on Francesca’s Holdings Corp. from $16.00 to $14.00 and set a hold rating on the stock in a research note on Friday, June 10th.
Separately, TheStreet Ratings objectively rated this stock according to its “risk-adjusted” total return prospect over a 12-month investment horizon. The company’s price sits 17.09% above from its 50-day moving average of $13.37 and -1.55% below from the stock’s 200-day moving average of $14.49. After $0.18 actual EPS reported by Francesca’s Holdings Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth. (NASDAQ:FRAN) opened at 13.99 on Wednesday. (NASDAQ:MDVN) also run on active notice, stock price raised 0.16% after traded at $80.97 in most recent trading session. Francesca’s current market cap stands at $609.98 million. The company’s price to sales ratio for trailing twelve months is 1.34 and price to book ratio for most recent quarter is 5.13, whereas price to cash per share for the most recent quarter is 17.03.
The company predicts that it will finish the fiscal year with net sales between $473 million and $488 million, up 8 to 11 percent.
Insider Activity: Corporate insiders look optimistic about the outlook of the company stock that they seem to accumulate shares while they have -19.64 retreated so far this year.
Analysts are looking for earnings of 15 cents per share on revenue of $109.73 million for the period. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The stock was acquired at an average cost of $10.56 per share, for a total transaction of $211,200.00. Following the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at approximately $211,200. The disclosure for this purchase can be found here.
The Companys business operations are conducted through its subsidiaries.
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Retailers throughout the country-from department stores and specialty shops to broader sellers like Target Corp. -have been reporting sliding sales recently due in large part to falling foot traffic as consumer increasingly turn to online shopping. The decrease in merchandise margin was primarily attributable to a sales mix change to lower margin categories.
