Francesca’s Holdings Corp (NASDAQ:FRAN) Major Shareholder Purchases $19,600.00 in Stock

Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management acquired 40,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average cost of $0.49 per share, for a total transaction of $19,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 cost of $0.42 per share, for a total transaction 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 cost of $0.49 per share, for a total transaction of $7,350.00.
  • On Monday, June 10th, Cross River Capital Management bought 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, with a total value of $7,500.00.
  • On Wednesday, June 5th, Cross River Capital Management bought 5,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, with a total value of $2,500.00.
  • On Monday, June 3rd, Cross River Capital Management bought 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.49 per share, with a total value of $7,350.00.
  • On Wednesday, May 29th, Cross River Capital Management bought 20,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, with a total value of $10,000.00.
  • On Friday, May 24th, Cross River Capital Management bought 25,000 shares of Francesca’s stock. The shares were bought at an average cost 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 NASDAQ:FRAN opened at $4.11 on Friday. The company has a debt-to-equity ratio of 3.69, a current ratio of 0.82 and a quick ratio of 0.43. Francesca’s Holdings Corp has a 12-month low of $4.01 and a 12-month high of $99.24. The stock’s fifty day moving average is $1.41.

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

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

Several hedge funds have recently bought and sold shares of the company. Apis Capital Advisors LLC purchased a new stake in shares of Francesca’s during the first quarter worth about $119,000. Shah Capital Management purchased a new stake in shares of Francesca’s during the first quarter worth about $988,000. Hanson & Doremus Investment Management boosted its holdings in shares of Francesca’s by 700.7% during the first quarter. Hanson & Doremus Investment Management now owns 39,557 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 34,617 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Francesca’s by 20.0% during the first quarter. Hodges Capital Management Inc. now owns 300,000 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 50,000 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Francesca’s by 1,561.8% during the fourth quarter. Deutsche Bank AG now owns 1,175,093 shares of the specialty retailer’s stock worth $1,139,000 after purchasing an additional 1,104,383 shares during the period. 67.35% of the stock is owned by hedge funds and other institutional investors.

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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