Franklin Covey (NYSE:FC) Shares Gap Up to $34.93

Franklin Covey Co. (NYSE:FC) gapped up before the market opened on Thursday . The stock had previously closed at $34.93, but opened at $38.00. Franklin Covey shares last traded at $38.19, with a volume of 20,199 shares.

Wall Street Analyst Weigh In

FC has been the subject of several recent analyst reports. StockNews.com raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Roth Mkm reaffirmed a “buy” rating and set a $50.00 price target on shares of Franklin Covey in a research report on Thursday. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday. Finally, Northland Securities decreased their price target on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th.

Franklin Covey Stock Up 3.4 %

The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $37.22 and a 200-day simple moving average of $39.00. The firm has a market capitalization of $504.26 million, a PE ratio of 28.36, a P/E/G ratio of 1.02 and a beta of 1.24.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, March 27th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. The business had revenue of $61.34 million during the quarter, compared to the consensus estimate of $62.03 million. Analysts forecast that Franklin Covey Co. will post 1.71 EPS for the current year.

Institutional Trading of Franklin Covey

A number of large investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its stake in Franklin Covey by 120.4% during the third quarter. Hsbc Holdings PLC now owns 14,224 shares of the business services provider’s stock valued at $609,000 after buying an additional 7,770 shares during the period. Trexquant Investment LP boosted its holdings in Franklin Covey by 81.1% during the 3rd quarter. Trexquant Investment LP now owns 18,964 shares of the business services provider’s stock valued at $814,000 after acquiring an additional 8,490 shares during the period. Quadrature Capital Ltd boosted its holdings in Franklin Covey by 54.7% during the 3rd quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider’s stock valued at $387,000 after acquiring an additional 3,189 shares during the period. Worth Venture Partners LLC boosted its holdings in Franklin Covey by 8.7% during the 3rd quarter. Worth Venture Partners LLC now owns 48,178 shares of the business services provider’s stock valued at $2,068,000 after acquiring an additional 3,855 shares during the period. Finally, SG Americas Securities LLC raised its position in Franklin Covey by 46.3% during the 4th quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 1,128 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

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.