Franklin Covey (FC) Upgraded by Zacks Investment Research to “Hold”

Franklin Covey (NYSE:FC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “

Several other analysts also recently commented on FC. B. Riley reissued a “buy” rating and issued a $22.00 target price on shares of Franklin Covey in a research report on Tuesday, November 7th. Barrington Research raised shares of Franklin Covey from a “market perform” rating to an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.00.

Franklin Covey (NYSE FC) traded up $0.45 during mid-day trading on Tuesday, reaching $30.00. 180,400 shares of the company’s stock traded hands, compared to its average volume of 150,357. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.10. The company has a market capitalization of $411.08, a P/E ratio of -73.17 and a beta of 0.82. Franklin Covey has a 12 month low of $15.20 and a 12 month high of $30.65.

Franklin Covey (NYSE:FC) last posted its earnings results on Thursday, January 4th. The business services provider reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.16. The company had revenue of $47.90 million during the quarter, compared to the consensus estimate of $43.47 million. Franklin Covey had a negative net margin of 2.90% and a negative return on equity of 3.75%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.29) earnings per share. sell-side analysts expect that Franklin Covey will post -0.25 earnings per share for the current fiscal year.

In related news, Director Joel Clinton Peterson sold 1,793 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $19.13, for a total transaction of $34,300.09. Following the completion of the sale, the director now directly owns 223,487 shares of the company’s stock, valued at approximately $4,275,306.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 33.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of FC. The Manufacturers Life Insurance Company boosted its holdings in shares of Franklin Covey by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after buying an additional 740 shares during the period. Wells Fargo & Company MN raised its stake in Franklin Covey by 59.0% during the 3rd quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 4,087 shares during the last quarter. California Public Employees Retirement System raised its stake in Franklin Covey by 30.8% during the 2nd quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 3,200 shares during the last quarter. Teachers Advisors LLC raised its stake in Franklin Covey by 13.0% during the 2nd quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock valued at $370,000 after purchasing an additional 2,211 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Franklin Covey by 18.1% during the 2nd quarter. New York State Common Retirement Fund now owns 21,181 shares of the business services provider’s stock valued at $409,000 after purchasing an additional 3,250 shares during the last quarter. 49.68% of the stock is owned by institutional investors and hedge funds.

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Franklin Covey Company Profile

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

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