Franklin Covey (NYSE:FC) Insider Michael Sean Merrill Covey Sells 7,000 Shares of Stock

Franklin Covey Company (NYSE:FC) insider Michael Sean Merrill Covey sold 7,000 shares of Franklin Covey 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 completion of the sale, the insider owned 218,636 shares in the company, valued at approximately $3,209,576.48. This represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Franklin Covey Stock Performance

NYSE FC traded down $0.17 on Friday, hitting $14.92. The stock had a trading volume of 97,663 shares, compared to its average volume of 129,123. The company’s 50-day moving average is $18.06 and its two-hundred day moving average is $20.11. Franklin Covey Company has a one year low of $14.41 and a one year high of $39.22. The stock has a market cap of $188.58 million, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.06 and a beta of 0.85. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, November 5th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). The business had revenue of $71.25 million for the quarter, compared to the consensus estimate of $71.11 million. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. Franklin Covey has set its FY 2026 guidance at EPS. On average, analysts expect that Franklin Covey Company will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Franklin Covey

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new position in shares of Franklin Covey during the first quarter worth about $368,000. KLP Kapitalforvaltning AS grew its stake in shares of Franklin Covey by 18.3% during the 1st quarter. KLP Kapitalforvaltning AS now owns 9,700 shares of the business services provider’s stock worth $268,000 after acquiring an additional 1,500 shares in the last quarter. Royce & Associates LP grew its stake in shares of Franklin Covey by 564.6% during the 1st quarter. Royce & Associates LP now owns 935,669 shares of the business services provider’s stock worth $25,843,000 after acquiring an additional 794,876 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Franklin Covey by 195.3% in the first quarter. Mackenzie Financial Corp now owns 24,698 shares of the business services provider’s stock valued at $682,000 after purchasing an additional 16,335 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Franklin Covey by 472.0% in the first quarter. XTX Topco Ltd now owns 37,471 shares of the business services provider’s stock worth $1,035,000 after purchasing an additional 30,920 shares in the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FC. Weiss Ratings reissued a “sell (d+)” rating on shares of Franklin Covey in a report on Friday, October 31st. Barrington Research dropped their price objective on Franklin Covey from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.50.

Franklin Covey Company 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.