Francesca’s Holdings Corp (NASDAQ:FRAN) Major Shareholder Purchases $27,950.00 in Stock

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Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management acquired 65,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were purchased at an average price of $0.43 per share, with a total value of $27,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% 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 Tuesday, June 18th, Cross River Capital Management acquired 5,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.42 per share, with a total value of $2,100.00.
  • On Wednesday, June 12th, Cross River Capital Management acquired 15,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.49 per share, with a total value of $7,350.00.
  • On Monday, June 10th, Cross River Capital Management acquired 15,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.50 per share, with a total value of $7,500.00.
  • On Wednesday, June 5th, Cross River Capital Management acquired 5,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.50 per share, with a total value of $2,500.00.
  • On Monday, June 3rd, Cross River Capital Management acquired 15,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.49 per share, with a total value of $7,350.00.
  • On Wednesday, May 29th, Cross River Capital Management acquired 20,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.50 per share, with a total value of $10,000.00.
  • On Friday, May 24th, Cross River Capital Management acquired 25,000 shares of Francesca’s stock. The shares were purchased at an average price of $0.52 per share, with a total value of $13,000.00.
  • On Wednesday, May 22nd, Cross River Capital Management bought 175,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.54 per share, with a total value of $94,500.00.
  • On Monday, May 20th, Cross River Capital Management bought 78,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.56 per share, with a total value of $43,680.00.
  • On Thursday, May 16th, Cross River Capital Management bought 20,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.55 per share, with a total value of $11,000.00.

Shares of FRAN stock opened at $4.11 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.82 and a debt-to-equity ratio of 3.69. The stock’s 50-day moving average is $1.41. Francesca’s Holdings Corp has a 1-year low of $4.01 and a 1-year high of $99.24.

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

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Francesca’s by 2.7% during the fourth 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 purchased a new position in Francesca’s during the first quarter worth about $988,000. Deutsche Bank AG boosted its stake in shares of Francesca’s by 1,561.8% in the fourth quarter. Deutsche Bank AG now owns 1,175,093 shares of the specialty retailer’s stock valued at $1,139,000 after purchasing an additional 1,104,383 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Francesca’s by 209.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 920,897 shares of the specialty retailer’s stock valued at $894,000 after purchasing an additional 623,630 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Francesca’s by 75.0% in the fourth quarter. Two Sigma Investments LP now owns 692,398 shares of the specialty retailer’s stock valued at $672,000 after purchasing an additional 296,653 shares during the period. 67.35% of the stock is owned by institutional investors.

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

Francesca’s Company Profile

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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