Janney Montgomery Scott Starts Francesca's Holdings (FRAN) at Buy; Potential to Triple Boutique Base
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Price: $2.22 --0%
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Janney Montgomery Scott initiates coverage on Francesca's Holdings (NASDAQ: FRAN) with a Buy. PT $38.00.
Analyst, Adrienne Tennant, said, "Our BUY thesis is based on the following: 1) regional-to-national growth story with potential for 900 store locations domestically, 2) ability to drive impressive top-line results through more predictable unit growth, combined with consistent comp growth, and 3) highly profitable store economic model focused on high sales per square foot and a broad and shallow merchandise offering."
"We are forecasting 20%+ square footage growth and 25%+ EPS growth over the next couple of years. We are projecting FY12 EPS of $0.91 (the Street is at $0.90) and FY13 EPS of $1.13 (the Street is at $1.11)."
For an analyst ratings summary and ratings history on Francesca's Holdings click here. For more ratings news on Francesca's Holdings click here.
Shares of Francesca's Holdings closed at $30.25 yesterday.
Analyst, Adrienne Tennant, said, "Our BUY thesis is based on the following: 1) regional-to-national growth story with potential for 900 store locations domestically, 2) ability to drive impressive top-line results through more predictable unit growth, combined with consistent comp growth, and 3) highly profitable store economic model focused on high sales per square foot and a broad and shallow merchandise offering."
"We are forecasting 20%+ square footage growth and 25%+ EPS growth over the next couple of years. We are projecting FY12 EPS of $0.91 (the Street is at $0.90) and FY13 EPS of $1.13 (the Street is at $1.11)."
For an analyst ratings summary and ratings history on Francesca's Holdings click here. For more ratings news on Francesca's Holdings click here.
Shares of Francesca's Holdings closed at $30.25 yesterday.
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