Hodges Capital Management Inc. increased its position in shares of Francesca’s Holdings Corp (NASDAQ:FRAN) by 20.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,000 shares of the specialty retailer’s stock after buying an additional 50,000 shares during the period. Hodges Capital Management Inc. owned about 0.83% of Francesca’s worth $203,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in FRAN. Wells Fargo & Company MN increased its stake in Francesca’s by 42.7% during the 3rd quarter. Wells Fargo & Company MN now owns 134,303 shares of the specialty retailer’s stock worth $499,000 after buying an additional 40,212 shares during the period. JPMorgan Chase & Co. increased its position in shares of Francesca’s by 341.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,124 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 41,096 shares during the last quarter. BlackRock Inc. increased its position in shares of Francesca’s by 12.1% in the 3rd quarter. BlackRock Inc. now owns 5,292,621 shares of the specialty retailer’s stock worth $19,635,000 after purchasing an additional 572,802 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Francesca’s in the 3rd quarter worth about $600,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Francesca’s by 14.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,905,807 shares of the specialty retailer’s stock worth $10,781,000 after purchasing an additional 358,981 shares during the last quarter. 91.61% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine raised shares of Francesca’s from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $2.00.
FRAN opened at $0.69 on Wednesday. The stock has a market capitalization of $23.87 million, a PE ratio of 1.33 and a beta of 0.95. Francesca’s Holdings Corp has a 1-year low of $0.64 and a 1-year high of $8.48.
Francesca’s Company Profile
Francesca's Holdings Corporation, through its subsidiaries, operates a chain of retail boutiques. It offers fashion apparel, jewelry, accessories, and gifts for women between the ages of 18 and 35. The company's apparel products comprise dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry includes necklaces, earrings, bracelets, and rings.
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