Franklin Covey (NYSE:FC) Trading Up 4%

Shares of Franklin Covey Co. (NYSE:FC) shot up 4% on Tuesday . The stock traded as high as $38.48 and last traded at $38.35. 24,419 shares were traded during mid-day trading, a decline of 71% from the average session volume of 84,990 shares. The stock had previously closed at $36.88.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FC. Roth Mkm reissued a “buy” rating and issued a $50.00 price target on shares of Franklin Covey in a research note on Thursday, June 27th. Northland Securities decreased their target price 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. StockNews.com raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 29th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a research note on Thursday, June 27th.

Franklin Covey Stock Up 1.8 %

The firm has a 50 day moving average of $37.10 and a 200 day moving average of $38.94. The firm has a market cap of $516.60 million, a price-to-earnings ratio of 29.05, a PEG ratio of 1.15 and a beta of 1.24. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. The business had revenue of $73.37 million for the quarter, compared to analyst estimates of $72.12 million. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. During the same quarter in the prior year, the company earned $0.32 earnings per share. As a group, sell-side analysts predict that Franklin Covey Co. will post 1.66 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hancock Whitney Corp boosted its holdings in Franklin Covey by 6.2% in the first quarter. Hancock Whitney Corp now owns 6,670 shares of the business services provider’s stock worth $262,000 after acquiring an additional 390 shares in the last quarter. Bares Capital Management Inc. boosted its holdings in Franklin Covey by 0.8% in the first quarter. Bares Capital Management Inc. now owns 461,661 shares of the business services provider’s stock worth $18,125,000 after acquiring an additional 3,570 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in Franklin Covey by 4.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 140,838 shares of the business services provider’s stock worth $5,529,000 after acquiring an additional 6,207 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Franklin Covey by 15.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,865 shares of the business services provider’s stock worth $702,000 after acquiring an additional 2,360 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Franklin Covey by 92.7% in the first quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock worth $220,000 after acquiring an additional 2,699 shares in the last quarter. 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.