Francesca's Holdings' share price target raised

Francesca's Holdings Corp. reported fourth quarter net

income of $0.19 per share after the bell Tuesday, up from $0.11 per share last year, reported RTT News. The consensus estimate was for EPS of $0.16. The company expects to report first quarter EPS of $0.14 to $0.15 and between $0.76 and $0.81 for the full year 2013. The consensus estimates are for EPS of $0.13 and $0.76.
 
The stock rose 15% on Wednesday after the women's specialty retailer forecast a strong current quarter, prompting at least three brokerages to raise their price targets on the stock, highlighted Reuters.
 
Shares of the American retailer jumped more than 50% in the first months of 2012.
 
"We anticipate the company to continue offering multiple item-specific promotions to support consumer interest in tops, accessories, and gifting categories," Wedbush Securities analyst Betty Chen pointed out in a note to investors released on Wednesday. Chen raised her price target on the stock to $30 from $26 arguing Francesca's will benefit from solid spring selling. "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 percent in the fourth quarter," analyst Chen added.