Franklin Covey (NYSE:FC) Given “Outperform” Rating at Barrington Research

Barrington Research reiterated their outperform rating on shares of Franklin Covey (NYSE:FC) in a research note released on Tuesday morning, Benzinga reports. Barrington Research currently has a $45.00 price objective on the business services provider’s stock.

Several other research firms have also weighed in on FC. Northland Securities dropped their target price on shares of Franklin Covey from $100.00 to $95.00 and set an outperform rating on the stock in a report on Thursday, March 28th. StockNews.com upgraded shares of Franklin Covey from a buy rating to a strong-buy rating in a research note on Tuesday, June 11th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Buy and an average price target of $66.33.

Franklin Covey Price Performance

Shares of NYSE FC opened at $34.12 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. Franklin Covey has a fifty-two week low of $32.19 and a fifty-two week high of $48.76. The business has a 50 day moving average price of $37.81 and a two-hundred day moving average price of $39.24. The firm has a market cap of $452.77 million, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.01 and a beta of 1.25.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, March 27th. The business services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $61.34 million during the quarter, compared to the consensus estimate of $62.03 million. Franklin Covey had a net margin of 6.13% and a return on equity of 23.23%. Sell-side analysts expect that Franklin Covey will post 1.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

Several institutional investors have recently modified their holdings of FC. Wasatch Advisors LP acquired a new stake in shares of Franklin Covey in the first quarter valued at approximately $6,862,000. Bares Capital Management Inc. raised its stake in Franklin Covey by 11.0% during the 4th quarter. Bares Capital Management Inc. now owns 458,091 shares of the business services provider’s stock valued at $19,941,000 after acquiring an additional 45,290 shares in the last quarter. Algert Global LLC boosted its position in Franklin Covey by 610.2% during the 3rd quarter. Algert Global LLC now owns 36,150 shares of the business services provider’s stock worth $1,552,000 after acquiring an additional 31,060 shares during the period. Acadian Asset Management LLC grew its stake in shares of Franklin Covey by 12.2% in the first quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock worth $9,357,000 after purchasing an additional 25,876 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Franklin Covey by 3.5% during the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after purchasing an additional 24,062 shares during the period. Institutional investors own 69.88% of the company’s stock.

About Franklin Covey

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.