William Blair Maintains Outperform On Francesca’s Holdings Corporation Following Weaker Sales And Gross Margin In Q2
In a research report issued yesterday, William Blair analyst Amy Noblin maintained an Outperform rating on Francesca’s Holdings Corporation (NASDAQ:FRAN). No price target was provided. The report followed a tough quarter for the company and lowered guidance are expected.
Noblin observed, “Each major product category is tracking toward sequential improvement as we move into the second half, leaving us encouraged that merchandising initiatives might finally be taking hold. With more rational inventories, more realistic expectations, encouraging trends across product categories, and a low valuation (12.0 times next year versus the peer group 21.0 times), we would be buyers of FRAN shares given the potential for comp inflection as we move into the second half of the year. “
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Amy Noblin has a total average return of -8.6% and a 33.3% success rate. Noblin has a -9.2% average return when recommending FRAN, and is ranked #2981 out of 3275 analysts.