Charles Schwab Investment Management Inc. Sells 871 Shares of Franklin Covey Company $FC

Charles Schwab Investment Management Inc. lessened its stake in shares of Franklin Covey Company (NYSE:FC) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,821 shares of the business services provider’s stock after selling 871 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.71% of Franklin Covey worth $2,536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FC. Wells Fargo & Company MN lifted its position in shares of Franklin Covey by 50.4% during the 4th quarter. Wells Fargo & Company MN now owns 5,340 shares of the business services provider’s stock worth $201,000 after buying an additional 1,789 shares during the period. Barclays PLC raised its position in Franklin Covey by 4.2% in the 4th quarter. Barclays PLC now owns 34,892 shares of the business services provider’s stock valued at $1,311,000 after purchasing an additional 1,393 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Franklin Covey by 509.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 1,802 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in Franklin Covey in the 4th quarter valued at $203,000. Finally, Price T Rowe Associates Inc. MD raised its position in Franklin Covey by 9.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,759 shares of the business services provider’s stock valued at $743,000 after purchasing an additional 1,703 shares during the last quarter. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Stock Down 0.7%

NYSE FC opened at $19.55 on Friday. The stock has a fifty day moving average of $20.38 and a 200-day moving average of $23.52. The stock has a market capitalization of $247.07 million, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91. Franklin Covey Company has a 52 week low of $18.32 and a 52 week 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.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FC shares. Barrington Research cut their price objective on Franklin Covey from $35.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, August 19th. Roth Capital cut their price objective on Franklin Covey from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, July 7th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Franklin Covey currently has a consensus rating of “Buy” and a consensus target price of $27.00.

Franklin Covey 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.