Franklin Covey (NYSE:FC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Franklin Covey Company (NYSE:FC)’s stock price passed 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.

Wall Street Analysts Forecast Growth

FC has been the topic of several recent analyst reports. Barrington Research boosted their price target on Franklin Covey from $22.00 to $25.00 and gave the stock 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 report on Friday, October 31st. Two research 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.com, the company has a consensus rating of “Hold” and an average price target of $26.00.

Franklin Covey Price Performance

The firm has a market cap of $219.84 million, a P/E ratio of -158.56, a PEG ratio of 1.21 and a beta of 0.69. The firm’s 50-day moving average price is $18.11 and its 200 day moving average price is $18.24.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Wednesday, January 7th. The business services provider reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.30). Franklin Covey had a negative net margin of 0.54% and a positive return on equity of 9.98%. The firm 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 earnings per share. 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 firm’s stock in a transaction on 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 in the company, valued at $3,209,576.48. This trade represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 15.20% of the company’s stock.

Institutional Trading of Franklin Covey

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio raised its holdings in shares of Franklin Covey by 10.6% during the fourth quarter. Strs Ohio now owns 20,800 shares of the business services provider’s stock worth $349,000 after purchasing an additional 2,000 shares during the period. State of Alaska Department of Revenue acquired a new stake in Franklin Covey during the fourth quarter worth about $31,000. Exchange Traded Concepts LLC raised its stake in Franklin Covey by 6.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,823 shares of the business services provider’s stock worth $249,000 after acquiring an additional 849 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Franklin Covey by 122.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 174,324 shares of the business services provider’s stock worth $3,384,000 after acquiring an additional 96,054 shares during the last quarter. Finally, Wiser Advisor Group LLC acquired a new position in Franklin Covey in the third quarter valued at approximately $35,000. Institutional investors own 69.88% of the company’s stock.

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.