Franklin Covey (NYSE:FC) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Franklin Covey Company (NYSE:FC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.18 and traded as high as $18.92. Franklin Covey shares last traded at $17.83, with a volume of 81,592 shares changing hands.

Wall Street Analyst Weigh In

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

Franklin Covey Stock Down 1.2%

The business has a 50 day moving average price of $18.47 and a 200-day moving average price of $18.17. The firm has a market cap of $205.99 million, a price-to-earnings ratio of -148.57, a price-to-earnings-growth ratio of 1.08 and a beta of 0.69.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, January 7th. The business services provider reported ($0.27) earnings per share 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 company had revenue of $64.05 million during the quarter, compared to analysts’ expectations of $64.77 million. During the same quarter in the prior year, the company earned $0.20 EPS. Research analysts anticipate that Franklin Covey Company will post 0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of Franklin Covey during the fourth quarter worth about $861,000. Dynamic Technology Lab Private Ltd acquired a new stake in Franklin Covey during the 4th quarter valued at approximately $212,000. Wells Fargo & Company MN increased its holdings in Franklin Covey by 71.8% during the 4th quarter. Wells Fargo & Company MN now owns 11,831 shares of the business services provider’s stock worth $199,000 after purchasing an additional 4,945 shares during the last quarter. Jane Street Group LLC raised its position in shares of Franklin Covey by 30.2% in the 4th quarter. Jane Street Group LLC now owns 37,598 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 8,721 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Franklin Covey by 83.9% during the 4th quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock valued at $6,316,000 after buying an additional 171,744 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

About Franklin Covey

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.