Franklin Covey Co. (NYSE:FC) Short Interest Update

Franklin Covey Co. (NYSE:FCGet Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 850,400 shares, an increase of 9.7% from the February 29th total of 775,000 shares. Approximately 7.6% of the shares of the stock are short sold. Based on an average trading volume of 80,800 shares, the short-interest ratio is presently 10.5 days.

Franklin Covey Trading Down 1.1 %

FC stock traded down $0.42 on Tuesday, hitting $37.18. 273,616 shares of the company were exchanged, compared to its average volume of 90,199. Franklin Covey has a twelve month low of $32.19 and a twelve month high of $48.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.84. The business’s fifty day moving average is $39.55 and its two-hundred day moving average is $39.95. The stock has a market capitalization of $494.12 million, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22.

Franklin Covey (NYSE:FCGet Free Report) last issued its quarterly earnings results on Thursday, January 4th. The business services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.19 by $0.17. Franklin Covey had a net margin of 6.13% and a return on equity of 22.94%. The firm had revenue of $68.40 million during the quarter, compared to analyst estimates of $65.88 million. As a group, research analysts forecast that Franklin Covey will post 1.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FC shares. Northland Securities cut their target price on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. Roth Mkm cut their price objective on shares of Franklin Covey from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Tuesday, December 19th. StockNews.com raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 28th. Finally, Barrington Research cut their price objective on shares of Franklin Covey from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Franklin Covey presently has a consensus rating of “Buy” and an average price target of $66.33.

Check Out Our Latest Report on Franklin Covey

Institutional Investors Weigh In On Franklin Covey

Several institutional investors have recently bought and sold shares of FC. Bares Capital Management Inc. grew its stake in Franklin Covey by 48.9% during the second quarter. Bares Capital Management Inc. now owns 406,461 shares of the business services provider’s stock worth $17,754,000 after buying an additional 133,401 shares during the period. BlackRock Inc. grew its stake in Franklin Covey by 8.3% during the second quarter. BlackRock Inc. now owns 1,140,802 shares of the business services provider’s stock worth $49,830,000 after buying an additional 87,758 shares during the period. Blue Grotto Capital LLC grew its stake in Franklin Covey by 52.2% during the first quarter. Blue Grotto Capital LLC now owns 200,202 shares of the business services provider’s stock worth $9,053,000 after buying an additional 68,685 shares during the period. Norges Bank purchased a new stake in Franklin Covey during the fourth quarter worth approximately $3,082,000. Finally, Invesco Ltd. grew its stake in Franklin Covey by 1,165.1% during the third quarter. Invesco Ltd. now owns 68,403 shares of the business services provider’s stock worth $2,936,000 after buying an additional 62,996 shares during the period. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Covey

(Get Free Report)

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.

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