Short Interest in Franklin Covey Company (NYSE:FC) Expands By 23.0%

Franklin Covey Company (NYSE:FC) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 1,954,561 shares, a growth of 23.0% from the March 15th total of 1,588,509 shares. Currently, 20.0% of the company’s stock are sold short. Based on an average daily trading volume, of 186,318 shares, the days-to-cover ratio is currently 10.5 days.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Franklin Covey in a research report on Friday, April 10th. Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Franklin Covey in a report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.00.

Franklin Covey Stock Performance

Shares of Franklin Covey stock traded up $0.48 on Friday, reaching $23.55. The stock had a trading volume of 138,731 shares, compared to its average volume of 287,921. The business’s 50-day moving average price is $16.43 and its two-hundred day moving average price is $17.18. The stock has a market cap of $265.40 million, a P/E ratio of -112.14, a price-to-earnings-growth ratio of 1.45 and a beta of 0.58. Franklin Covey has a fifty-two week low of $11.16 and a fifty-two week high of $24.70.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The firm had revenue of $59.65 million during the quarter, compared to analyst estimates of $58.71 million. Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. As a group, equities analysts forecast that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

Large investors have recently made changes to their positions in the business. First Trust Advisors LP grew its holdings in shares of Franklin Covey by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 35,639 shares of the business services provider’s stock worth $813,000 after purchasing an additional 843 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Franklin Covey by 6.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 14,823 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 849 shares in the last quarter. CWM LLC lifted its position in Franklin Covey by 81.8% in the third quarter. CWM LLC now owns 1,983 shares of the business services provider’s stock worth $38,000 after purchasing an additional 892 shares during the period. BNP Paribas Financial Markets lifted its position in Franklin Covey by 98.9% in the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock worth $43,000 after purchasing an additional 1,112 shares during the period. Finally, Illumine Investment Management LLC boosted its stake in Franklin Covey by 6.1% during the third quarter. Illumine Investment Management LLC now owns 25,652 shares of the business services provider’s stock worth $498,000 after buying an additional 1,484 shares in the last quarter. Institutional investors and hedge funds own 69.88% of the company’s stock.

About Franklin Covey

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.