Franklin Covey (NYSE:FC) Stock Passes Above 200-Day Moving Average – What’s Next?

Franklin Covey Company (NYSE:FC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.84 and traded as high as $23.70. Franklin Covey shares last traded at $23.53, with a volume of 61,139 shares changing hands.

Analysts Set New Price Targets

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

Franklin Covey Price Performance

The stock has a fifty day moving average of $19.87 and a 200 day moving average of $17.84. The firm has a market capitalization of $265.18 million, a P/E ratio of -112.05, a price-to-earnings-growth ratio of 1.49 and a beta of 0.78.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, April 1st. The business services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The business had revenue of $59.65 million for the quarter, compared to the consensus estimate of $58.71 million. Franklin Covey had a positive return on equity of 12.79% and a negative net margin of 0.88%. Equities analysts forecast that Franklin Covey Company will post 0.8 EPS for the current fiscal year.

Institutional Trading of Franklin Covey

A number of hedge funds have recently bought and sold shares of the business. Amundi bought a new stake in shares of Franklin Covey in the first quarter valued at $58,000. AQR Capital Management LLC raised its stake in shares of Franklin Covey by 14.1% in the first quarter. AQR Capital Management LLC now owns 68,376 shares of the business services provider’s stock valued at $1,889,000 after buying an additional 8,441 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Franklin Covey by 26.9% in the first quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider’s stock valued at $6,589,000 after buying an additional 50,568 shares during the period. Jane Street Group LLC raised its stake in shares of Franklin Covey by 274.3% in the first quarter. Jane Street Group LLC now owns 84,874 shares of the business services provider’s stock valued at $2,344,000 after buying an additional 62,201 shares during the period. Finally, Creative Planning bought a new stake in shares of Franklin Covey in the second quarter valued at $217,000. 69.88% of the stock is currently owned by institutional investors.

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.