Janney Montgomery Scott Reiterates a 'Buy' on Francesca's (FRAN); Weakness a Buying Opportunity
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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: 14 | New: 11
Rating Summary:
9 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Janney Montgomery Scott reiterates a 'Buy' on Francesca's Holdings (NASDAQ: FRAN) price target of $41.00 (from $38.00)
Analyst, Adrienne Tennant, said, "FRAN reported 2Q12 EPS of $0.28 versus the Street and our estimate at $0.24 and management guidance of $0.22 to $0.23. FRAN also reported strong 2Q12 comparable boutique sales of +20.7% versus Retail Metrics consensus of +11.2%."
"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. Although the stock trades at a valuation above peers in our Softlines universe, we believe the stock warrants such a premium valuation." (FY12 EPS estimate raised from $0.91 to $0.99 and FY13 from $1.13 to $1.19)
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 $36.07 yesterday.
Analyst, Adrienne Tennant, said, "FRAN reported 2Q12 EPS of $0.28 versus the Street and our estimate at $0.24 and management guidance of $0.22 to $0.23. FRAN also reported strong 2Q12 comparable boutique sales of +20.7% versus Retail Metrics consensus of +11.2%."
"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. Although the stock trades at a valuation above peers in our Softlines universe, we believe the stock warrants such a premium valuation." (FY12 EPS estimate raised from $0.91 to $0.99 and FY13 from $1.13 to $1.19)
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 $36.07 yesterday.
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