Brokerages Set Franklin Covey Co. (NYSE:FC) Target Price at $30.00

Shares of Franklin Covey Co. (NYSE:FC) have earned an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.00.

Several analysts have recently weighed in on FC shares. Zacks Investment Research cut shares of Franklin Covey from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. B. Riley lowered their price objective on shares of Franklin Covey from $45.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Roth Capital lowered their price objective on shares of Franklin Covey from $51.00 to $28.00 in a research report on Friday, April 3rd. ValuEngine upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a research report on Thursday, April 9th. Finally, Barrington Research restated a “buy” rating and set a $30.00 price objective on shares of Franklin Covey in a research report on Thursday, May 28th.

NYSE FC traded up $1.43 on Friday, hitting $21.75. The stock had a trading volume of 129,569 shares, compared to its average volume of 122,337. Franklin Covey has a 52-week low of $12.61 and a 52-week high of $41.85. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.03. The company has a market capitalization of $287.80 million, a price-to-earnings ratio of 70.16, a price-to-earnings-growth ratio of 25.62 and a beta of 1.55. The firm has a 50-day moving average of $19.57 and a 200-day moving average of $27.76.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Thursday, April 2nd. The business services provider reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.24. The firm had revenue of $53.75 million for the quarter, compared to analysts’ expectations of $53.30 million. Franklin Covey had a net margin of 1.89% and a return on equity of 5.63%. As a group, research analysts anticipate that Franklin Covey will post 0.05 earnings per share for the current fiscal year.

In other news, Director Michael Fung purchased 4,830 shares of the business’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $20.77 per share, with a total value of $100,319.10. Following the acquisition, the director now directly owns 40,353 shares in the company, valued at $838,131.81. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Esther Kay Stepp sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $17.20, for a total transaction of $68,800.00. Following the completion of the sale, the director now directly owns 39,429 shares of the company’s stock, valued at $678,178.80. The disclosure for this sale can be found here. 33.20% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Bank of Montreal Can grew its position in Franklin Covey by 43.1% during the fourth quarter. Bank of Montreal Can now owns 1,222 shares of the business services provider’s stock valued at $39,000 after buying an additional 368 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Franklin Covey by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,216 shares of the business services provider’s stock worth $1,909,000 after purchasing an additional 656 shares during the period. Citigroup Inc. boosted its position in shares of Franklin Covey by 26.0% in the first quarter. Citigroup Inc. now owns 3,508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 724 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Franklin Covey in the fourth quarter worth approximately $26,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Franklin Covey by 45.8% in the fourth quarter. Russell Investments Group Ltd. now owns 3,500 shares of the business services provider’s stock worth $112,000 after purchasing an additional 1,100 shares during the period. 61.31% of the stock is owned by hedge funds and other institutional investors.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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