Francesca’s Holdings Corp (NASDAQ:FRAN) Major Shareholder Buys $24,873.48 in Stock

Francesca’s Holdings Corp (NASDAQ:FRAN) major shareholder Cross River Capital Management purchased 5,118 shares of Francesca’s stock in a transaction that occurred on Friday, July 5th. The shares were bought at an average cost of $4.86 per share, for a total transaction of $24,873.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares 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 purchased 5,000 shares of Francesca’s stock. The shares were bought 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 purchased 15,000 shares of Francesca’s stock. The shares were bought 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 purchased 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, for a total transaction of $7,500.00.
  • On Wednesday, June 5th, Cross River Capital Management purchased 5,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, for a total transaction of $2,500.00.
  • On Monday, June 3rd, Cross River Capital Management purchased 15,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.49 per share, for a total transaction of $7,350.00.
  • On Wednesday, May 29th, Cross River Capital Management purchased 20,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.50 per share, for a total transaction of $10,000.00.
  • On Friday, May 24th, Cross River Capital Management purchased 25,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.52 per share, for a total transaction of $13,000.00.
  • On Wednesday, May 22nd, Cross River Capital Management purchased 175,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.54 per share, for a total transaction of $94,500.00.
  • On Monday, May 20th, Cross River Capital Management purchased 78,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.56 per share, for a total transaction of $43,680.00.
  • On Thursday, May 16th, Cross River Capital Management purchased 20,000 shares of Francesca’s stock. The shares were bought at an average cost of $0.55 per share, for a total transaction of $11,000.00.

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

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

Separately, ValuEngine downgraded 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 issued a buy rating to the stock. Francesca’s presently has a consensus rating of “Hold” and an average target price of $24.00.

Several hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Francesca’s by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,985,647 shares of the specialty retailer’s stock valued at $2,898,000 after purchasing an additional 79,840 shares in the last quarter. Shah Capital Management acquired a new stake in shares of Francesca’s in the 1st quarter valued at $988,000. Deutsche Bank AG boosted its holdings in shares of Francesca’s by 1,561.8% in the 4th 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 in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Francesca’s by 209.8% in the 4th 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 in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Francesca’s by 75.0% in the 4th 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 in the last quarter. 67.35% of the stock is currently owned by hedge funds and other institutional investors.

About Francesca’s

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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