Franklin Covey (NYSE:FC) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

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 $20.07 and traded as high as $22.18. Franklin Covey shares last traded at $21.5570, with a volume of 84,192 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FC shares. Wall Street Zen raised shares of Franklin Covey from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings raised shares of Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Barrington Research reiterated an “outperform” rating and set a $30.00 price objective on shares of Franklin Covey in a research note on Thursday, July 2nd. Roth Capital raised their price objective on shares of Franklin Covey from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, National Bank Financial raised shares of Franklin Covey to a “hold” rating in a research report on Sunday, June 28th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Franklin Covey currently has an average rating of “Hold” and an average target price of $27.50.

Franklin Covey Stock Performance

The firm has a market capitalization of $246.65 million, a P/E ratio of 128.51, a P/E/G ratio of 1.12 and a beta of 0.80. The stock has a fifty day moving average price of $22.64 and a two-hundred day moving average price of $20.09.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Wednesday, July 1st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $67.81 million for the quarter, compared to analysts’ expectations of $68.33 million. Franklin Covey had a return on equity of 17.37% and a net margin of 0.83%.During the same period last year, the business posted ($0.11) earnings per share. As a group, research analysts anticipate that Franklin Covey Company will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Rice Hall James & Associates LLC grew its position in shares of Franklin Covey by 6.2% during the 1st quarter. Rice Hall James & Associates LLC now owns 510,689 shares of the business services provider’s stock valued at $8,064,000 after buying an additional 30,035 shares during the last quarter. Deutsche Bank AG lifted its holdings in Franklin Covey by 36.9% in the fourth quarter. Deutsche Bank AG now owns 116,658 shares of the business services provider’s stock worth $1,958,000 after acquiring an additional 31,439 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Franklin Covey by 14.1% in the first quarter. AQR Capital Management LLC now owns 68,376 shares of the business services provider’s stock worth $1,889,000 after acquiring an additional 8,441 shares during the last quarter. First Trust Advisors LP boosted its stake in Franklin Covey by 2.4% in the second quarter. First Trust Advisors LP now owns 35,639 shares of the business services provider’s stock valued at $813,000 after acquiring an additional 843 shares during the period. Finally, Barclays PLC boosted its stake in Franklin Covey by 54.2% in the fourth quarter. Barclays PLC now owns 30,174 shares of the business services provider’s stock valued at $506,000 after acquiring an additional 10,612 shares during the period. 69.88% of the stock is currently owned by 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.