Franklin Covey (NYSE:FC) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Franklin Covey Company (NYSE:FC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.24 and traded as high as $19.81. Franklin Covey shares last traded at $19.0290, with a volume of 122,134 shares.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FC. Weiss Ratings restated a “sell (d+)” rating on shares of Franklin Covey in a research note on Friday, October 31st. Barrington Research boosted their price target on shares of Franklin Covey from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.00.

Franklin Covey Trading Down 3.8%

The stock has a market capitalization of $219.84 million, a price-to-earnings ratio of -158.56, a PEG ratio of 1.21 and a beta of 0.69. The firm has a 50-day moving average of $18.11 and a 200 day moving average of $18.24.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, January 7th. The business services provider reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.30). Franklin Covey had a positive return on equity of 9.98% and a negative net margin of 0.54%.The business had revenue of $64.05 million for the quarter, compared to analyst estimates of $64.77 million. During the same quarter last year, the firm posted $0.20 EPS. Equities research analysts predict that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

Insider Transactions at Franklin Covey

In related news, insider Michael Sean Merrill Covey sold 7,000 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $14.68, for a total value of $102,760.00. Following the completion of the transaction, the insider owned 218,636 shares in the company, valued at $3,209,576.48. This represents a 3.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 15.20% of the stock is owned by corporate insiders.

Institutional Trading of Franklin Covey

A number of institutional investors have recently made changes to their positions in FC. Aviva PLC boosted its holdings in shares of Franklin Covey by 3.9% in the second quarter. Aviva PLC now owns 20,623 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 775 shares in the last quarter. First Trust Advisors LP lifted its position in Franklin Covey by 2.4% in the second quarter. First Trust Advisors LP now owns 35,639 shares of the business services provider’s stock worth $813,000 after purchasing an additional 843 shares during the period. Exchange Traded Concepts LLC boosted its stake in Franklin Covey by 6.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,823 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 849 shares in the last quarter. CWM LLC increased its position in shares of Franklin Covey by 81.8% during the 3rd quarter. CWM LLC now owns 1,983 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 892 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Franklin Covey by 98.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock worth $43,000 after buying an additional 1,112 shares in the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Company Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.