Franklin Covey (NYSE:FC) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Franklin Covey (NYSE:FC) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other brokerages have also recently commented on FC. Barrington Research reissued an “outperform” rating and set a $30.00 price target on shares of Franklin Covey in a research report on Thursday, July 2nd. National Bank Financial raised Franklin Covey to a “hold” rating in a research report on Sunday, June 28th. Roth Capital upped their price objective on Franklin Covey from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings upgraded Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Franklin Covey Price Performance

Shares of NYSE:FC opened at $20.61 on Friday. The company’s 50-day moving average price is $21.67 and its two-hundred day moving average price is $20.08. Franklin Covey has a one year low of $11.16 and a one year high of $26.81. The stock has a market capitalization of $232.70 million, a PE ratio of 121.24, a price-to-earnings-growth ratio of 1.06 and a beta of 0.80.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $67.81 million during the quarter, compared to the consensus estimate of $68.33 million. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. During the same period in the prior year, the business posted ($0.11) EPS. On average, analysts anticipate that Franklin Covey will post 0.96 earnings per share for the current fiscal year.

Institutional Trading of Franklin Covey

A number of hedge funds have recently made changes to their positions in FC. Alliancebernstein L.P. raised its stake in Franklin Covey by 70.4% in the 3rd 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. BlackRock Inc. acquired a new position in shares of Franklin Covey in the second quarter valued at $24,191,000. Punch & Associates Investment Management Inc. increased its holdings in shares of Franklin Covey by 0.3% in the third quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock valued at $11,477,000 after purchasing an additional 1,811 shares during the last quarter. Rice Hall James & Associates LLC raised its position in shares of Franklin Covey by 6.2% in the first quarter. Rice Hall James & Associates LLC now owns 510,689 shares of the business services provider’s stock valued at $8,064,000 after purchasing an additional 30,035 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Franklin Covey by 83.9% in the fourth quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock valued at $6,316,000 after purchasing an additional 171,744 shares during the period. 69.88% of the stock is owned by institutional investors and hedge funds.

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.