Market Overview

UPDATE: Canaccord Genuity Reiterates Buy Rating, Raises PT on Francesca's Holdings Corporation

Related FRAN
Retail: Who's Growing And Who Isn't?
Mizuho Securities: December Retail Sales Improved As Month Progressed
Francesca's Holdings: Under The Masks - Problems Then, Now And Ahead (Seeking Alpha)

In a report published Wednesday, Canaccord Genuity reiterated its Buy rating on Francesca's Holdings Corporation NASDAQ: FRAN), and slightly raised its price target from $30.00 to $31.00.

Canaccord Genuity noted, “Francesca's Q3 SSS grew 17%, above our estimate of 13%. Q3 operating EPS of $0.24 vs. $0.14 exceeded our estimate and consensus by two cents on the higher sales and operating expense leverage. The company also announced plans to open 80 new store s in 2013, compared to our estimate of 75. Francesca's remains one of our favorite growth stocks, with industry-leading unit growth and more than double the average retailer's EBIT margins at 26% in 2012E.”

Francesca's Holdings Corporation closed on Tuesday at $26.81.

Latest Ratings for FRAN

Jan 2015JefferiesMaintainsBuy
Dec 2014CL KingDowngradesBuyNeutral
Nov 2014WedbushDowngradesOutperformNeutral

View More Analyst Ratings for FRAN
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings


Related Articles (FRAN)

Around the Web, We're Loving...

Get Benzinga's Newsletters