Franklin Covey (NYSE:FC) Stock Passes Above 200-Day Moving Average – Should You Sell?

Franklin Covey Company (NYSE:FC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.93 and traded as high as $21.29. Franklin Covey shares last traded at $20.6040, with a volume of 45,797 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FC shares. Roth Capital lifted their price objective on Franklin Covey from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. National Bank Financial upgraded shares of Franklin Covey to a “hold” rating in a research note on Sunday, June 28th. Barrington Research reiterated an “outperform” rating and issued a $30.00 price target on shares of Franklin Covey in a research report on Thursday, July 2nd. Weiss Ratings raised shares of Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.50.

Franklin Covey Stock Performance

The stock has a fifty day moving average of $22.76 and a 200 day moving average of $19.93. The company has a market capitalization of $232.62 million, a PE ratio of 121.20, a PEG ratio of 1.07 and a beta of 0.80.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Wednesday, July 1st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $67.81 million during the quarter, compared to analyst estimates of $68.33 million. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. During the same period last year, the firm posted ($0.11) EPS. As a group, equities analysts predict that Franklin Covey Company will post 0.96 EPS for the current year.

Institutional Trading of Franklin Covey

Hedge funds have recently bought and sold shares of the stock. Rice Hall James & Associates LLC increased its stake in Franklin Covey by 6.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 510,689 shares of the business services provider’s stock worth $8,064,000 after acquiring an additional 30,035 shares during the last quarter. CWC Advisors LLC. bought a new stake in Franklin Covey in the first quarter worth $263,000. Strs Ohio increased its position in Franklin Covey by 10.6% in the fourth quarter. Strs Ohio now owns 20,800 shares of the business services provider’s stock worth $349,000 after purchasing an additional 2,000 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Franklin Covey during the fourth quarter valued at $31,000. Finally, Exchange Traded Concepts LLC lifted its position in Franklin Covey by 6.1% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

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.