Franklin Covey Co. (NYSE:FC) Sees Large Growth in Short Interest

Franklin Covey Co. (NYSE:FC) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,010,000 shares, a growth of 117.5% from the March 15th total of 464,400 shares. Approximately 9.1% of the company’s shares are short sold. Based on an average daily volume of 160,000 shares, the short-interest ratio is currently 6.3 days.

Franklin Covey Trading Up 0.9 %

Shares of FC opened at $20.38 on Friday. Franklin Covey has a 1-year low of $18.94 and a 1-year high of $44.46. The firm has a market capitalization of $264.64 million, a price-to-earnings ratio of 13.86, a PEG ratio of 1.74 and a beta of 0.98. The firm’s 50-day moving average price is $28.44 and its 200-day moving average price is $34.35. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $59.61 million during the quarter, compared to analyst estimates of $62.24 million. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. Sell-side analysts anticipate that Franklin Covey will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Franklin Covey

Several hedge funds have recently bought and sold shares of FC. EP Wealth Advisors LLC grew its stake in shares of Franklin Covey by 1.8% in the 4th quarter. EP Wealth Advisors LLC now owns 18,128 shares of the business services provider’s stock worth $681,000 after buying an additional 319 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Franklin Covey by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 92,692 shares of the business services provider’s stock worth $3,483,000 after purchasing an additional 539 shares during the last quarter. Versant Capital Management Inc boosted its stake in Franklin Covey by 152.2% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider’s stock worth $27,000 after purchasing an additional 589 shares in the last quarter. Point72 Asset Management L.P. grew its position in Franklin Covey by 7.4% during the 4th quarter. Point72 Asset Management L.P. now owns 8,841 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 608 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Franklin Covey by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 35,317 shares of the business services provider’s stock valued at $1,327,000 after purchasing an additional 824 shares in the last quarter. Institutional investors own 69.88% of the company’s stock.

Wall Street Analysts Forecast Growth

FC has been the subject of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $35.00 price target on shares of Franklin Covey in a report on Thursday, April 10th. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th.

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.