Franklin Covey (NYSE:FC) Upgraded at StockNews.com

StockNews.com upgraded shares of Franklin Covey (NYSE:FC) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

A number of other equities analysts have also recently commented on the company. Northland Securities lowered their target price on Franklin Covey from $100.00 to $95.00 and set an outperform rating for the company in a report on Thursday, March 28th. Barrington Research restated an outperform rating and set a $45.00 target price on shares of Franklin Covey in a report on Thursday, June 27th. Finally, Roth Mkm restated a buy rating and set a $50.00 target price on shares of Franklin Covey in a report on Thursday, June 27th.

Franklin Covey Stock Performance

NYSE FC opened at $36.77 on Friday. The stock has a market cap of $487.94 million, a PE ratio of 27.44, a P/E/G ratio of 1.14 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. Franklin Covey has a twelve month low of $32.19 and a twelve month high of $48.76. The stock has a fifty day simple moving average of $37.16 and a 200-day simple moving average of $38.96.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $73.37 million during the quarter, compared to analysts’ expectations of $72.12 million. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. During the same period in the prior year, the business posted $0.32 EPS. Equities analysts anticipate that Franklin Covey will post 1.66 earnings per share for the current year.

Hedge Funds Weigh In On Franklin Covey

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP purchased a new position in shares of Franklin Covey in the 1st quarter valued at about $6,862,000. Bares Capital Management Inc. boosted its stake in shares of Franklin Covey by 11.0% in 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 buying an additional 45,290 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Franklin Covey by 12.2% in the 1st quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock valued at $9,357,000 after buying an additional 25,876 shares during the period. Vanguard Group Inc. boosted its stake in shares of Franklin Covey by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after buying an additional 24,062 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of Franklin Covey by 92.9% in the 4th quarter. Hsbc Holdings PLC now owns 27,444 shares of the business services provider’s stock valued at $1,180,000 after buying an additional 13,220 shares during the period. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

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.