Barrington Research Reiterates “Outperform” Rating for Franklin Covey (NYSE:FC)

Barrington Research reaffirmed their outperform rating on shares of Franklin Covey (NYSE:FC) in a report issued on Friday,Benzinga reports. Barrington Research currently has a $45.00 price objective on the business services provider’s stock.

Separately, StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th.

Franklin Covey Trading Down 0.4 %

Franklin Covey stock opened at $28.41 on Friday. Franklin Covey has a 52 week low of $27.97 and a 52 week high of $44.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. The stock has a market capitalization of $374.90 million, a P/E ratio of 19.33, a PEG ratio of 1.74 and a beta of 1.29. The stock has a 50-day simple moving average of $33.48 and a 200 day simple moving average of $36.77.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. Analysts expect that Franklin Covey will post 0.97 earnings per share for the current year.

Institutional Investors Weigh In On Franklin Covey

Several hedge funds have recently bought and sold shares of the stock. EP Wealth Advisors LLC lifted its position in Franklin Covey by 1.8% during the fourth quarter. EP Wealth Advisors LLC now owns 18,128 shares of the business services provider’s stock worth $681,000 after acquiring an additional 319 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Franklin Covey by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 92,692 shares of the business services provider’s stock valued at $3,483,000 after buying an additional 539 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Franklin Covey by 7.4% in the fourth quarter. Point72 Asset Management L.P. now owns 8,841 shares of the business services provider’s stock valued at $332,000 after buying an additional 608 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Franklin Covey by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 35,317 shares of the business services provider’s stock valued at $1,327,000 after buying an additional 824 shares in the last quarter. Finally, Wiser Advisor Group LLC raised its position in shares of Franklin Covey by 100.2% in the fourth quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider’s stock valued at $68,000 after buying an additional 907 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

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.