Franklin Covey Co. (NYSE:FC) Short Interest Update

Franklin Covey Co. (NYSE:FC) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 307,200 shares, a decrease of 5.9% from the October 31st total of 326,500 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 47,200 shares, the short-interest ratio is currently 6.5 days.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Barrington Research reiterated an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a report on Thursday, November 7th.

Franklin Covey Stock Performance

FC traded down $0.28 during midday trading on Tuesday, hitting $37.12. 688 shares of the company were exchanged, compared to its average volume of 72,207. Franklin Covey has a 1-year low of $33.75 and a 1-year high of $44.96. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $489.24 million, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The company’s 50 day simple moving average is $39.29 and its 200 day simple moving average is $38.85.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, November 6th. The business services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. The firm had revenue of $84.12 million for the quarter, compared to analysts’ expectations of $80.38 million. As a group, sell-side analysts predict that Franklin Covey will post 1.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. O Keefe Stevens Advisory Inc. purchased a new position in Franklin Covey in the 2nd quarter worth approximately $202,000. Cubist Systematic Strategies LLC purchased a new position in Franklin Covey in the 2nd quarter worth approximately $226,000. Point72 Asset Management L.P. acquired a new stake in shares of Franklin Covey during the 2nd quarter worth approximately $248,000. SG Americas Securities LLC acquired a new stake in shares of Franklin Covey during the 3rd quarter worth approximately $290,000. Finally, Creative Planning acquired a new stake in shares of Franklin Covey during the 3rd quarter worth approximately $301,000. 69.88% of the stock is owned by hedge funds and other institutional investors.

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.