Barrington Research Issues Positive Forecast for Franklin Covey (NYSE:FC) Stock Price

Franklin Covey (NYSE:FC) had its target price boosted by Barrington Research from $22.00 to $25.00 in a report published on Tuesday morning, MarketBeat reports. They currently have an outperform rating on the business services provider’s stock.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Franklin Covey in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.00.

Franklin Covey Trading Down 1.9%

NYSE FC opened at $20.55 on Tuesday. Franklin Covey has a 1-year low of $14.03 and a 1-year high of $39.22. The company has a 50 day moving average of $16.83 and a 200-day moving average of $18.21. The firm has a market cap of $237.33 million, a price-to-earnings ratio of -171.22, a PEG ratio of 1.28 and a beta of 0.66.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, January 7th. The business services provider reported ($0.27) 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 the consensus estimate of $64.77 million. During the same quarter last year, the company earned $0.20 earnings per share. On average, analysts forecast that Franklin Covey will post 0.97 earnings per share for the current year.

Insiders Place Their Bets

In other Franklin Covey news, insider Michael Sean Merrill Covey sold 7,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $14.68, for a total transaction of $102,760.00. Following the transaction, the insider directly owned 218,636 shares in the company, valued at approximately $3,209,576.48. This represents a 3.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in Franklin Covey by 70.4% in the third quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after purchasing an additional 434,965 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Franklin Covey by 0.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock valued at $11,477,000 after buying an additional 1,811 shares during the period. Geode Capital Management LLC grew its holdings in shares of Franklin Covey by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 314,626 shares of the business services provider’s stock valued at $7,181,000 after buying an additional 2,118 shares during the period. Millennium Management LLC increased its position in shares of Franklin Covey by 886.1% in the 3rd quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after buying an additional 233,291 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Franklin Covey by 26.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider’s stock worth $6,589,000 after buying an additional 50,568 shares during the period. Institutional investors own 69.88% of the company’s stock.

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.