Franklin Covey (NYSE:FC) Shares Cross Above 200-Day Moving Average – Here’s Why

Franklin Covey Company (NYSE:FC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.24 and traded as high as $19.81. Franklin Covey shares last traded at $19.0290, with a volume of 122,134 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barrington Research increased their target price on Franklin Covey from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Franklin Covey in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Franklin Covey has a consensus rating of “Hold” and an average price target of $26.00.

Franklin Covey Stock Up 3.3%

The business has a 50 day simple moving average of $18.19 and a two-hundred day simple moving average of $18.24. The firm has a market cap of $225.80 million, a PE ratio of -162.90, a price-to-earnings-growth ratio of 1.15 and a beta of 0.69.

Franklin Covey (NYSE:FC) last issued its 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 company had revenue of $64.05 million during the quarter, compared to the consensus estimate of $64.77 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. Equities analysts forecast that Franklin Covey Company will post 0.97 earnings per share for the current year.

Insider Activity

In related news, insider Michael Sean Merrill Covey sold 7,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was 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 of the company’s stock, valued at $3,209,576.48. This represents a 3.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 15.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi purchased a new position in Franklin Covey during the first quarter valued at approximately $58,000. AQR Capital Management LLC boosted its stake in shares of Franklin Covey by 14.1% during the 1st quarter. AQR Capital Management LLC now owns 68,376 shares of the business services provider’s stock worth $1,889,000 after acquiring an additional 8,441 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Franklin Covey by 26.9% in the first quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider’s stock valued at $6,589,000 after purchasing an additional 50,568 shares during the period. Jane Street Group LLC lifted its position in shares of Franklin Covey by 274.3% during the 1st quarter. Jane Street Group LLC now owns 84,874 shares of the business services provider’s stock valued at $2,344,000 after buying an additional 62,201 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Franklin Covey in the 2nd quarter worth $1,049,000. 69.88% of the stock is currently 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.