Sib LLC lessened its holdings in shares of Francesca’s Holdings Corp (NASDAQ:FRAN) by 91.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,763 shares of the specialty retailer’s stock after selling 74,402 shares during the period. Francesca’s comprises approximately 0.1% of Sib LLC’s investment portfolio, making the stock its 22nd biggest position. Sib LLC owned 0.22% of Francesca’s worth $95,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Francesca’s during the second quarter valued at approximately $52,000. GSA Capital Partners LLP purchased a new stake in shares of Francesca’s in the second quarter valued at approximately $79,000. Vanguard Group Inc. boosted its holdings 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 valued at $755,000 after purchasing an additional 172,095 shares during the period. Shah Capital Management boosted its holdings 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 valued at $853,000 after purchasing an additional 262,900 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $909,000 after purchasing an additional 557,757 shares during the period.
Separately, ValuEngine upgraded Francesca’s from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.
Francesca’s stock traded up $0.73 during mid-day trading on Friday, reaching $17.49. 17,256 shares of the company were exchanged, compared to its average volume of 1,676,853. The business has a fifty day moving average of $10.25 and a 200 day moving average of $3.79. The company has a quick ratio of 0.50, a current ratio of 0.88 and a debt-to-equity ratio of 3.55. Francesca’s Holdings Corp has a 12-month low of $2.78 and a 12-month high of $41.04.
Francesca’s (NASDAQ:FRAN) last posted its earnings results on Tuesday, September 10th. The specialty retailer reported $0.79 earnings per share for the quarter. The company had revenue of $105.97 million during the quarter. Francesca’s had a negative return on equity of 14.02% and a negative net margin of 11.24%.
In other Francesca’s news, major shareholder Cross River Capital Management purchased 45,000 shares of Francesca’s stock in a transaction dated Tuesday, July 30th. The shares were acquired at an average cost of $3.05 per share, with a total value of $137,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard J. Emmett purchased 5,000 shares of Francesca’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $11.43 per share, for a total transaction of $57,150.00. Following the completion of the transaction, the director now owns 26,374 shares of the company’s stock, valued at approximately $301,454.82. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 145,284 shares of company stock valued at $578,395. 1.70% of the stock is owned by company insiders.
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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