Franklin Covey’s (FC) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Franklin Covey (NYSE:FC) in a research note released on Wednesday morning,Benzinga reports. Barrington Research currently has a $25.00 price objective on the business services provider’s stock.

Franklin Covey Price Performance

Shares of FC stock opened at $15.30 on Wednesday. The business’s fifty day moving average price is $16.12 and its 200 day moving average price is $16.98. Franklin Covey has a 1-year low of $11.16 and a 1-year high of $28.39. The firm has a market capitalization of $176.76 million, a PE ratio of -127.52, a P/E/G ratio of 0.94 and a beta of 0.74.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, January 7th. The business services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.30). The business had revenue of $64.05 million during the quarter, compared to analyst estimates 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 business posted $0.20 EPS. Equities research analysts expect that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Institutional Trading of Franklin Covey

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Amundi acquired a new position in Franklin Covey during the first quarter worth about $58,000. AQR Capital Management LLC lifted its position in shares of Franklin Covey by 14.1% during the 1st quarter. AQR Capital Management LLC now owns 68,376 shares of the business services provider’s stock valued at $1,889,000 after acquiring an additional 8,441 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Franklin Covey by 26.9% during 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 acquiring an additional 50,568 shares during the period. Jane Street Group LLC boosted its stake in shares of Franklin Covey by 274.3% during the 1st quarter. Jane Street Group LLC now owns 84,874 shares of the business services provider’s stock worth $2,344,000 after acquiring an additional 62,201 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 acquiring an additional 2,118 shares in the last quarter. Institutional investors and hedge funds own 69.88% of the company’s stock.

Franklin Covey Company Profile

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.