Franklin Covey Company $FC Position Cut by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Franklin Covey Company (NYSE:FC) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 711,027 shares of the business services provider’s stock after selling 23,847 shares during the quarter. Vanguard Group Inc. owned about 5.47% of Franklin Covey worth $19,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. EP Wealth Advisors LLC raised its position in Franklin Covey by 1.8% in the fourth quarter. EP Wealth Advisors LLC now owns 18,128 shares of the business services provider’s stock worth $681,000 after acquiring an additional 319 shares in the last quarter. Versant Capital Management Inc increased its stake in Franklin Covey by 152.2% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider’s stock worth $27,000 after purchasing an additional 589 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Franklin Covey by 7.4% in the 4th quarter. Point72 Asset Management L.P. now owns 8,841 shares of the business services provider’s stock worth $332,000 after purchasing an additional 608 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Franklin Covey by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 95,542 shares of the business services provider’s stock worth $3,590,000 after purchasing an additional 918 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Franklin Covey by 6.7% in the 1st quarter. Rhumbline Advisers now owns 16,427 shares of the business services provider’s stock worth $454,000 after purchasing an additional 1,033 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FC has been the topic of a number of analyst reports. Barrington Research dropped their price target on Franklin Covey from $35.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 19th. Roth Capital lowered their target price on Franklin Covey from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $27.00.

Franklin Covey Stock Down 0.7%

FC opened at $19.55 on Friday. The business has a 50 day moving average price of $20.38 and a 200 day moving average price of $23.60. Franklin Covey Company has a twelve month low of $18.32 and a twelve month high of $44.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.84. The firm has a market cap of $247.07 million, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.26. Franklin Covey had a return on equity of 19.08% and a net margin of 3.81%.The firm had revenue of $67.12 million during the quarter, compared to analyst estimates of $67.49 million. During the same period in the previous year, the company earned $0.46 EPS. Franklin Covey has set its FY 2025 guidance at EPS. Research analysts forecast that Franklin Covey Company will post 0.97 EPS for the current year.

About Franklin Covey

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.