Franklin Covey Co. (FC) Rating Increased to Buy at TheStreet
Franklin Covey Co. (NYSE:FC) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Friday.
Several other research firms also recently weighed in on FC. Zacks Investment Research downgraded Franklin Covey from a “hold” rating to a “sell” rating in a research report on Monday. B. Riley reiterated a “buy” rating and set a $22.50 target price on shares of Franklin Covey in a research report on Sunday.
Franklin Covey (NYSE:FC) opened at 19.05 on Friday. The company has a market cap of $266.66 million, a PE ratio of 40.62 and a beta of 0.85. The company has a 50-day moving average of $17.97 and a 200-day moving average of $16.38. Franklin Covey has a 52 week low of $13.45 and a 52 week high of $19.10.
Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, November 9th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.59 by $0.04. Franklin Covey had a return on equity of 6.77% and a net margin of 3.51%. The business had revenue of $64.80 million for the quarter, compared to the consensus estimate of $68.57 million. During the same quarter last year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts expect that Franklin Covey will post $0.76 EPS for the current year.
In other news, Director Joel Clinton Peterson sold 1,792 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $16.13, for a total transaction of $28,904.96. Following the transaction, the director now owns 255,070 shares in the company, valued at $4,114,279.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 28.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. BlackRock Advisors LLC raised its position in shares of Franklin Covey by 12.1% in the third quarter. BlackRock Advisors LLC now owns 6,540 shares of the company’s stock valued at $116,000 after buying an additional 704 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Franklin Covey during the third quarter valued at about $144,000. Acadian Asset Management LLC bought a new position in Franklin Covey during the second quarter valued at about $129,000. Acrospire Investment Management LLC raised its position in Franklin Covey by 73.0% in the second quarter. Acrospire Investment Management LLC now owns 10,056 shares of the company’s stock valued at $154,000 after buying an additional 4,243 shares during the period. Finally, Two Sigma Advisers LP raised its position in Franklin Covey by 18.8% in the third quarter. Two Sigma Advisers LP now owns 15,200 shares of the company’s stock valued at $271,000 after buying an additional 2,400 shares during the period. Hedge funds and other institutional investors own 56.66% of the company’s stock.
About Franklin Covey
Franklin Covey Co (FranklinCovey) is a global company engaged in performance improvement. The Company operates in seven areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Education. The Company operates globally with one common brand and business model designed to enable the Company to provide clients around the world.
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