Franklin Covey (NYSE:FC) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Franklin Covey Company (NYSE:FC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.84 and traded as high as $23.70. Franklin Covey shares last traded at $23.53, with a volume of 61,139 shares.

Analysts Set New Price Targets

FC has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Franklin Covey in a report on Friday, April 10th. Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of Franklin Covey in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Franklin Covey presently has a consensus rating of “Hold” and an average price target of $26.00.

Franklin Covey Stock Down 0.7%

The company has a market capitalization of $264.89 million, a PE ratio of -111.90, a P/E/G ratio of 1.49 and a beta of 0.78. The stock has a 50-day moving average of $20.11 and a 200 day moving average of $17.88.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, April 1st. The business services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The business had revenue of $59.65 million for the quarter, compared to analysts’ expectations of $58.71 million. Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. Equities analysts forecast that Franklin Covey Company will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

Several hedge funds have recently made changes to their positions in FC. Alliancebernstein L.P. grew its position in shares of Franklin Covey by 70.4% in the third quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after purchasing an additional 434,965 shares in the last quarter. Millennium Management LLC grew its stake in Franklin Covey by 886.1% during the third quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after acquiring an additional 233,291 shares in the last quarter. Federated Hermes Inc. grew its stake in Franklin Covey by 83.9% during the fourth quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock valued at $6,316,000 after acquiring an additional 171,744 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in Franklin Covey during the third quarter valued at approximately $2,275,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in Franklin Covey by 122.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 174,324 shares of the business services provider’s stock valued at $3,384,000 after acquiring an additional 96,054 shares in the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

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.