Franklin Covey (NYSE:FC) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Franklin Covey Company (NYSE:FC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.24 and traded as high as $19.81. Franklin Covey shares last traded at $19.0290, with a volume of 122,134 shares traded.

Wall Street Analyst Weigh In

FC has been the topic of a number of recent analyst reports. Barrington Research upped their price target on shares of Franklin Covey from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Franklin Covey in a research report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.00.

Franklin Covey Trading Down 3.8%

The business’s 50-day simple moving average is $18.11 and its 200-day simple moving average is $18.24. The company has a market capitalization of $219.84 million, a PE ratio of -158.56, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, January 7th. The business services provider reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.30). The business had revenue of $64.05 million during the quarter, compared to analysts’ expectations of $64.77 million. Franklin Covey had a negative net margin of 0.54% and a positive return on equity of 9.98%. During the same period last year, the company earned $0.20 earnings per share. Sell-side analysts forecast that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other Franklin Covey news, insider Michael Sean Merrill Covey sold 7,000 shares of Franklin Covey stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $14.68, for a total transaction of $102,760.00. Following the completion of the transaction, the insider owned 218,636 shares in the company, valued at approximately $3,209,576.48. This trade represents a 3.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 15.20% of the company’s stock.

Institutional Trading of Franklin Covey

Hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. grew its holdings in Franklin Covey by 70.4% during the third quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock worth $20,433,000 after acquiring an additional 434,965 shares during the period. Punch & Associates Investment Management Inc. boosted its position in Franklin Covey by 0.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock worth $11,477,000 after purchasing an additional 1,811 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Franklin Covey by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 314,626 shares of the business services provider’s stock worth $7,181,000 after purchasing an additional 2,118 shares during the period. Millennium Management LLC increased its holdings in shares of Franklin Covey by 886.1% during the 3rd quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after purchasing an additional 233,291 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Franklin Covey by 26.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider’s stock valued at $6,589,000 after purchasing an additional 50,568 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.