Barrington Research Reiterates Outperform Rating for Franklin Covey (NYSE:FC)

Barrington Research reiterated their outperform rating on shares of Franklin Covey (NYSE:FC) in a report issued on Thursday,Benzinga reports. They currently have a $35.00 price target on the business services provider’s stock.

Separately, StockNews.com upgraded shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 3rd.

Franklin Covey Stock Performance

Shares of Franklin Covey stock opened at $19.60 on Thursday. The firm has a market capitalization of $258.58 million, a P/E ratio of 13.33, a P/E/G ratio of 1.74 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. Franklin Covey has a 12 month low of $18.94 and a 12 month high of $44.46. The business has a fifty day simple moving average of $30.20 and a two-hundred day simple moving average of $35.02.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.03. The firm had revenue of $59.61 million during the quarter, compared to the consensus estimate of $62.24 million. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. On average, equities analysts forecast that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Barclays PLC raised its stake in Franklin Covey by 178.9% during the 3rd quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock valued at $1,379,000 after purchasing an additional 21,489 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Franklin Covey in the fourth quarter valued at $2,186,000. State Street Corp boosted its position in shares of Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after buying an additional 5,955 shares during the period. BNP Paribas Financial Markets grew its position in Franklin Covey by 146.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock valued at $527,000 after acquiring an additional 7,606 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Franklin Covey by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock worth $12,143,000 after buying an additional 8,888 shares during the period. 69.88% of the stock is owned by hedge funds and other institutional investors.

About Franklin Covey

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.