Franklin Covey (NYSE:FC) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Franklin Covey Company (NYSE:FC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.35 and traded as high as $24.19. Franklin Covey shares last traded at $23.9560, with a volume of 27,498 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Franklin Covey in a research note on Friday, April 10th. Barrington Research reiterated an “outperform” rating and set a $25.00 target price on shares of Franklin Covey in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.00.

Franklin Covey Price Performance

The company has a market capitalization of $269.98 million, a PE ratio of -114.08, a P/E/G ratio of 1.50 and a beta of 0.81. The company has a 50-day moving average of $21.88 and a two-hundred day moving average of $18.35.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). The company had revenue of $59.65 million for the quarter, compared to analysts’ expectations 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, research analysts anticipate that Franklin Covey Company will post 0.8 EPS for the current year.

Institutional Investors Weigh In On Franklin Covey

A number of institutional investors and hedge funds have recently bought and sold shares of FC. Alliancebernstein L.P. raised its holdings in Franklin Covey by 70.4% during the third quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after acquiring an additional 434,965 shares during the period. Millennium Management LLC raised its holdings in Franklin Covey by 886.1% during the third quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after acquiring an additional 233,291 shares during the period. Federated Hermes Inc. raised its holdings in Franklin Covey by 83.9% during the fourth quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock valued at $6,316,000 after acquiring an additional 171,744 shares during the period. Bridgeway Capital Management LLC bought a new stake in Franklin Covey during the third quarter valued at about $2,275,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Franklin Covey by 122.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 174,324 shares of the business services provider’s stock valued at $3,384,000 after acquiring an additional 96,054 shares during the period. 69.88% of the stock is owned by institutional investors.

Franklin Covey Company Profile

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.