Franklin Covey’s (FC) Buy Rating Reaffirmed at Barrington Research

Barrington Research restated their buy rating on shares of Franklin Covey (NYSE:FC) in a report released on Friday morning, AnalystRatings.com reports. Barrington Research currently has a $25.00 target price on the business services provider’s stock.

FC has been the subject of a number of other reports. B. Riley cut their price target on Franklin Covey from $30.00 to $25.00 in a research note on Friday. Roth Capital cut their price target on Franklin Covey from $51.00 to $28.00 in a research note on Friday, April 3rd. ValuEngine raised Franklin Covey from a hold rating to a buy rating in a research note on Thursday, April 9th. Finally, Zacks Investment Research downgraded Franklin Covey from a hold rating to a sell rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $30.00.

Shares of NYSE FC opened at $18.60 on Friday. Franklin Covey has a one year low of $12.61 and a one year high of $41.85. The firm has a market capitalization of $257.98 million, a PE ratio of -54.70, a PEG ratio of 62.00 and a beta of 1.56. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $21.79 and a two-hundred day moving average price of $25.00.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Thursday, July 9th. The business services provider reported ($0.79) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.49). Franklin Covey had a positive return on equity of 7.12% and a negative net margin of 2.12%. The firm had revenue of $37.11 million for the quarter, compared to analysts’ expectations of $48.88 million. Research analysts anticipate that Franklin Covey will post 0.02 EPS for the current year.

In other Franklin Covey news, Director Michael Fung bought 4,830 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $20.77 per share, with a total value of $100,319.10. Following the acquisition, the director now directly owns 40,353 shares of the company’s stock, valued at approximately $838,131.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Esther Kay Stepp sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $19.80, for a total value of $79,200.00. Following the completion of the sale, the director now directly owns 35,429 shares in the company, valued at approximately $701,494.20. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $242,280 over the last three months. 33.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FC. Point72 Hong Kong Ltd acquired a new stake in Franklin Covey in the 4th quarter valued at approximately $26,000. Bank of Montreal Can grew its holdings in Franklin Covey by 43.1% in the 4th quarter. Bank of Montreal Can now owns 1,222 shares of the business services provider’s stock valued at $39,000 after buying an additional 368 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Franklin Covey by 106.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,023 shares of the business services provider’s stock valued at $47,000 after buying an additional 1,561 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Franklin Covey by 26.0% during the 1st quarter. Citigroup Inc. now owns 3,508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 724 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Franklin Covey by 68.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,876 shares of the business services provider’s stock worth $93,000 after purchasing an additional 1,166 shares in the last quarter. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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