Franklin Covey (NYSE:FC) Shares Gap Up to $34.93

Shares of Franklin Covey Co. (NYSE:FC) gapped up before the market opened on Thursday . The stock had previously closed at $34.93, but opened at $38.00. Franklin Covey shares last traded at $38.19, with a volume of 20,199 shares.

Analyst Ratings Changes

FC has been the subject of several research reports. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 21st. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research note on Thursday. Finally, Northland Securities cut their price target on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Franklin Covey currently has a consensus rating of “Buy” and an average target price of $66.33.

Franklin Covey Trading Up 8.2 %

The firm has a 50 day simple moving average of $37.27 and a 200 day simple moving average of $39.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market cap of $501.74 million, a P/E ratio of 30.76, a P/E/G ratio of 1.01 and a beta of 1.24.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, March 27th. The business services provider reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Franklin Covey had a return on equity of 23.23% and a net margin of 6.13%. The business had revenue of $61.34 million during the quarter, compared to the consensus estimate of $62.03 million. On average, equities research analysts predict that Franklin Covey Co. will post 1.71 EPS for the current fiscal year.

Institutional Trading of Franklin Covey

A number of large investors have recently modified their holdings of FC. Allspring Global Investments Holdings LLC bought a new stake in shares of Franklin Covey during the 1st quarter valued at about $59,000. Mather Group LLC. bought a new stake in shares of Franklin Covey during the 1st quarter valued at about $73,000. SG Americas Securities LLC boosted its position in shares of Franklin Covey by 46.3% during the 4th quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock valued at $155,000 after acquiring an additional 1,128 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Franklin Covey by 92.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 2,699 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Franklin Covey during the 1st quarter valued at about $241,000. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.