Franklin Covey (NYSE:FC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Franklin Covey Company (NYSE:FC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.20 and traded as high as $20.99. Franklin Covey shares last traded at $20.0720, with a volume of 168,132 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Franklin Covey in a research note on Friday, October 31st. Barrington Research boosted their price objective on shares of Franklin Covey from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Franklin Covey currently has an average rating of “Hold” and a consensus target price of $26.00.

Franklin Covey Stock Performance

The stock has a market cap of $231.89 million, a price-to-earnings ratio of -167.25, a P/E/G ratio of 1.26 and a beta of 0.66. The business has a 50-day simple moving average of $17.41 and a two-hundred day simple moving average of $18.20.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $64.77 million. During the same period in the prior year, the firm earned $0.20 EPS. On average, analysts expect that Franklin Covey Company will post 0.97 earnings per share for the current fiscal year.

Insider Activity at Franklin Covey

In other news, insider Michael Sean Merrill Covey sold 7,000 shares of the 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 transaction, the insider directly owned 218,636 shares in the company, valued at $3,209,576.48. This represents a 3.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wiser Advisor Group LLC bought a new position in Franklin Covey in the third quarter valued at approximately $35,000. State of Alaska Department of Revenue acquired a new stake in shares of Franklin Covey in the 4th quarter valued at approximately $31,000. CWM LLC boosted its holdings in shares of Franklin Covey by 81.8% in the 3rd quarter. CWM LLC now owns 1,983 shares of the business services provider’s stock valued at $38,000 after buying an additional 892 shares during the last quarter. Amundi bought a new position in shares of Franklin Covey in the first quarter valued at $58,000. Finally, BNP Paribas Financial Markets increased its holdings in Franklin Covey by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock worth $43,000 after buying an additional 1,112 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Company Profile

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.