Franklin Covey (NYSE:FC) Lowered to “Buy” Rating by StockNews.com

StockNews.com lowered shares of Franklin Covey (NYSE:FC) from a strong-buy rating to a buy rating in a report published on Monday.

Separately, Barrington Research restated an “outperform” rating and set a $45.00 target price on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Trading Down 2.8 %

Shares of Franklin Covey stock opened at $30.37 on Monday. Franklin Covey has a twelve month low of $28.99 and a twelve month high of $44.46. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $36.77 and a 200-day moving average price of $38.93. The firm has a market cap of $400.40 million, a price-to-earnings ratio of 17.45, a PEG ratio of 1.33 and a beta of 1.21.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. Equities research analysts anticipate that Franklin Covey will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Institutional investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC grew its position in Franklin Covey by 9.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after acquiring an additional 45,312 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Franklin Covey in the second quarter worth about $17,022,000. Geode Capital Management LLC increased its stake in Franklin Covey by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock worth $12,143,000 after buying an additional 8,888 shares during the period. State Street Corp lifted its holdings in Franklin Covey by 2.4% during the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after buying an additional 5,955 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Franklin Covey by 3.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock valued at $9,442,000 after buying an additional 8,310 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.