Franklin Covey Co. (NYSE:FC)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a research note issued to investors on Tuesday. They currently have a $24.50 target price on the stock. B. Riley’s price target suggests a potential upside of 21.29% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on FC. TheStreet cut Franklin Covey from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Sanford C. Bernstein restated a “market perform” rating on shares of Franklin Covey in a report on Thursday, December 29th. Zacks Investment Research upgraded Franklin Covey from a “strong sell” rating to a “hold” rating in a report on Monday, March 13th. Finally, Barrington Research cut Franklin Covey from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.50.
Franklin Covey (NYSE:FC) traded up 25.86% during midday trading on Tuesday, hitting $20.20. The stock had a trading volume of 466,011 shares. Franklin Covey has a 12 month low of $13.45 and a 12 month high of $22.45. The company’s market cap is $279.24 million. The firm’s 50-day moving average price is $17.33 and its 200 day moving average price is $18.37.
Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Thursday, March 30th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by $0.02. The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate of $41.72 million. Franklin Covey had a net margin of 1.17% and a return on equity of 2.46%. Franklin Covey’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) earnings per share. On average, analysts expect that Franklin Covey will post ($0.15) earnings per share for the current fiscal year.
In related news, Director Joel Clinton Peterson sold 2,688 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $20.44, for a total transaction of $54,942.72. Following the completion of the sale, the director now directly owns 240,733 shares in the company, valued at approximately $4,920,582.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 6,273 shares of company stock valued at $118,881 over the last 90 days. 33.50% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of FC. Acrospire Investment Management LLC bought a new stake in shares of Franklin Covey during the first quarter valued at $102,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Franklin Covey by 166.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,868 shares of the company’s stock valued at $138,000 after buying an additional 4,292 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of Franklin Covey during the fourth quarter valued at $163,000. Acadian Asset Management LLC bought a new stake in shares of Franklin Covey during the second quarter valued at $129,000. Finally, Teachers Advisors LLC boosted its stake in shares of Franklin Covey by 53.3% in the fourth quarter. Teachers Advisors LLC now owns 25,985 shares of the company’s stock valued at $524,000 after buying an additional 9,037 shares in the last quarter. Institutional investors own 57.17% of the company’s stock.
Franklin Covey Company Profile
Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.