Franklin Covey Co. (NYSE:FC) Short Interest Up 29.2% in January

Franklin Covey Co. (NYSE:FC) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 415,000 shares, an increase of 29.2% from the January 15th total of 321,200 shares. Based on an average daily trading volume, of 100,900 shares, the days-to-cover ratio is presently 4.1 days. Currently, 3.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its position in Franklin Covey by 178.9% during the third quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock valued at $1,379,000 after buying an additional 21,489 shares in the last quarter. State Street Corp lifted its position in 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 in the last quarter. Harbor Capital Advisors Inc. lifted its position in Franklin Covey by 137.2% during the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after buying an additional 140,537 shares in the last quarter. Creative Planning acquired a new position in Franklin Covey during the third quarter valued at approximately $301,000. Finally, BNP Paribas Financial Markets lifted its position in Franklin Covey by 146.2% during the third quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock valued at $527,000 after buying an additional 7,606 shares in the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Trading Down 2.4 %

Franklin Covey stock traded down $0.86 during trading on Friday, reaching $34.80. The company had a trading volume of 105,622 shares, compared to its average volume of 132,521. Franklin Covey has a 12-month low of $28.99 and a 12-month high of $44.46. The stock’s 50 day moving average price is $35.97 and its two-hundred day moving average price is $38.13. The firm has a market capitalization of $459.15 million, a price-to-earnings ratio of 23.67, a PEG ratio of 1.95 and a beta of 1.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. As a group, equities analysts expect that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a report on Thursday, November 7th. StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

Franklin Covey Company Profile

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.