Franklin Covey (NYSE:FC) Stock Crosses Above 200 Day Moving Average of $39.59

Shares of Franklin Covey Co. (NYSE:FC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $39.59 and traded as high as $40.76. Franklin Covey shares last traded at $40.44, with a volume of 97,365 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FC shares. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Northland Securities reduced their target price on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Finally, Barrington Research restated an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a research report on Monday, April 8th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $66.33.

Franklin Covey Stock Performance

The company has a market capitalization of $536.64 million, a PE ratio of 32.88, a PEG ratio of 1.15 and a beta of 1.22. The company has a 50 day moving average of $38.96 and a two-hundred day moving average of $39.59. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, March 27th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Franklin Covey had a return on equity of 23.23% and a net margin of 6.13%. The firm had revenue of $61.34 million for the quarter, compared to analysts’ expectations of $62.03 million. As a group, equities research analysts predict that Franklin Covey Co. will post 1.72 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wasatch Advisors LP purchased a new stake in Franklin Covey in the first quarter worth about $6,862,000. Bares Capital Management Inc. increased its stake in Franklin Covey by 11.0% in the 4th quarter. Bares Capital Management Inc. now owns 458,091 shares of the business services provider’s stock worth $19,941,000 after acquiring an additional 45,290 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Franklin Covey by 610.2% in the 3rd quarter. Algert Global LLC now owns 36,150 shares of the business services provider’s stock worth $1,552,000 after purchasing an additional 31,060 shares during the period. Rice Hall James & Associates LLC boosted its holdings in Franklin Covey by 5.9% during the 3rd quarter. Rice Hall James & Associates LLC now owns 509,698 shares of the business services provider’s stock valued at $21,876,000 after acquiring an additional 28,434 shares during the period. Finally, Millrace Asset Group Inc. purchased a new position in Franklin Covey during the 3rd quarter valued at $1,023,000. 69.88% of the stock is owned by 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.