It’s another quiet day on Wall Street as all three indexes and crude futures are close to flat.
Among the stocks showing more volatility are Francesca’s Holdings Corp (NASDAQ:FRAN), The Valspar Corp (NYSE:VAL), HD Supply Holdings Inc (NASDAQ:HDS), Western Digital Corp (NASDAQ:WDC), and Sprouts Farmers Market Inc (NASDAQ:SFM). Without further ado, let’s take a closer look at why each stock is in the spotlight and see what the smart money investors from our database think about the companies in question.
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Francesca’s Holdings Corp (NASDAQ:FRAN) shares have surged this morning after the company reported better-than-expected earnings for its second quarter. During the quarter, Francesca’s earned $0.27 per share on revenue of $115.26 million, beating the consensus estimates by $0.09 and $6.1 million, respectively. Sales rose 8.7% year-over-year, while comparable sales were flat compared to the same period of the last year. Gross margin was 46.8%, down slightly from 47.4% a year ago. For the full fiscal year ending January 28, management expects net sales in the range of $473 million to $488 million and EPS between $0.96 and $1.03. Jim Simons’ Renaissance Technologies raised its stake in Francesca’s Holdings by 23% to over 1.8 million shares in the second quarter.
Valspar Turns In Mixed Results
Although its fiscal third quarter earnings of $1.57 per share were ahead of analyst estimates by $0.12 per share, The Valspar Corp (NYSE:VAL)‘s revenue of $1.14 billion missed the consensus estimate by $40 million. Valspar sales inched lower by 0.9% year-over-year, as total volumes went up by 2% and foreign exchange had a negative 2% impact. Adjusted EBIT rose 7% as adjusted EBIT margin jumped to 15.2% from 11.7% over the year. Among the funds in our database, 25 funds owned shares of The Valspar Corp (NYSE:VAL) at the end of June, down by three funds from the previous quarter.
On the next page, we take a closer look at HD Supply Holdings, Western Digital Corp, and Sprouts Farmers Market.