Wedbush Maintains an 'Outperform' on Francesca's Holdings (FRAN); Raising Numbers on Strong Qtr and Guidance
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Price: $2.22 --0%
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
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Wedbush maintains an 'Outperform' on Francesca's Holdings (NASDAQ: FRAN) price target raised from $26 to $30.
Wedbush analyst said, "With a Q4 beat and BTE Q1 & F12 guidance, we believe FRAN continues to benefit from solid Spring selling (guided to +HSD comps, above our +3% forecast) coupled with healthy margin gains (especially with the strong sell-through of higher margin jewelry and accessories). We anticipate the company to continue offering multiple item-specific promotions to support consumer interest in tops, accessories, and gifting categories. In addition, we look for the online channel to sustain its solid momentum, partially driven by the “pick of the week” strategy along with “flash events” that led sales growth of 64% in Q4."
"Given positive QTD momentum and BTE guidance, we are raising our Q1 EPS estimate to $0.15 from $0.13 prior as we raise our Q1 comp estimate to +8% from +3%...Our F12 OpEPS estimate rises to $0.83 from $0.81 prior, above management’s guidance of $0.76-0.81. We anticipate a F12 comp of +5.5% vs. +10.4% LY with flattish gross margin expansion to 52.3% and SG&A of 29.6%; leading to flat operating margin of 22.7% LY."
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 $26.78 yesterday.
Wedbush analyst said, "With a Q4 beat and BTE Q1 & F12 guidance, we believe FRAN continues to benefit from solid Spring selling (guided to +HSD comps, above our +3% forecast) coupled with healthy margin gains (especially with the strong sell-through of higher margin jewelry and accessories). We anticipate the company to continue offering multiple item-specific promotions to support consumer interest in tops, accessories, and gifting categories. In addition, we look for the online channel to sustain its solid momentum, partially driven by the “pick of the week” strategy along with “flash events” that led sales growth of 64% in Q4."
"Given positive QTD momentum and BTE guidance, we are raising our Q1 EPS estimate to $0.15 from $0.13 prior as we raise our Q1 comp estimate to +8% from +3%...Our F12 OpEPS estimate rises to $0.83 from $0.81 prior, above management’s guidance of $0.76-0.81. We anticipate a F12 comp of +5.5% vs. +10.4% LY with flattish gross margin expansion to 52.3% and SG&A of 29.6%; leading to flat operating margin of 22.7% LY."
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 $26.78 yesterday.
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