Janney Montgomery Scott Maintains a 'Buy' on Francesca's Holdings (FRAN); Q2 Preview
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Price: $2.22 --0%
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 19
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 19
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Janney Montgomery Scott maintains a 'Buy' on Francesca's Holdings (NASDAQ: FRAN) price target of $38.00.
Analyst, Adrienne Tennant, said, "We are projecting a 2Q12 EPS of $0.24 (with potential for upside) in line with the Street and slightly above management’s guidance of $0.22 to $0.23. We have continued to note strong traffic and conversion trends throughout the quarter, with positive customer reception to fashion and flows. Inventory levels for both markdown and full price continue to be very clean, with clearance rarely deepening beyond a first markdown. of roughly 30% off. We believe the company’s positive momentum will continue to be reflected in their 2Q12 results and note that there could be upside to our and the consensus estimate."
"We expect the company to report comparable boutique sales of +13.0% for 2Q12, slightly higher than management guidance in the positive low double digits, and total net sales to be at the high end of management guidance in the range of $69 to $71 million for 2Q12."
Q2 results are expected to be reported tonight after the close.
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 $35.33 yesterday.
Analyst, Adrienne Tennant, said, "We are projecting a 2Q12 EPS of $0.24 (with potential for upside) in line with the Street and slightly above management’s guidance of $0.22 to $0.23. We have continued to note strong traffic and conversion trends throughout the quarter, with positive customer reception to fashion and flows. Inventory levels for both markdown and full price continue to be very clean, with clearance rarely deepening beyond a first markdown. of roughly 30% off. We believe the company’s positive momentum will continue to be reflected in their 2Q12 results and note that there could be upside to our and the consensus estimate."
"We expect the company to report comparable boutique sales of +13.0% for 2Q12, slightly higher than management guidance in the positive low double digits, and total net sales to be at the high end of management guidance in the range of $69 to $71 million for 2Q12."
Q2 results are expected to be reported tonight after the close.
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 $35.33 yesterday.
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