Franklin Covey Co. (NYSE:FC)‘s stock had its “buy” rating reiterated by research analysts at B. Riley in a note issued to investors on Tuesday. They currently have a $20.00 target price on the stock. B. Riley’s price objective indicates a potential downside of 6.32% from the company’s current price.
Shares of Franklin Covey (NYSE:FC) remained flat at $21.35 during trading on Tuesday. 82,286 shares of the company traded hands. The firm’s 50-day moving average price is $18.82 and its 200 day moving average price is $16.66. The company has a market cap of $294.44 million, a P/E ratio of 45.52 and a beta of 0.85. Franklin Covey has a 12-month low of $13.45 and a 12-month high of $22.45.
Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.04. Franklin Covey had a return on equity of 6.93% and a net margin of 3.51%. The firm had revenue of $64.80 million for the quarter, compared to analysts’ expectations of $68.57 million. During the same period last year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts expect that Franklin Covey will post $0.48 earnings per share for the current fiscal year.
In other news, Director Joel Clinton Peterson sold 1,793 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $17.75, for a total transaction of $31,825.75. Following the transaction, the director now owns 253,277 shares of the company’s stock, valued at approximately $4,495,666.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 28.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of FC. The Manufacturers Life Insurance Company bought a new position in shares of Franklin Covey during the third quarter worth approximately $144,000. Two Sigma Advisers LP raised its position in shares of Franklin Covey by 18.8% in the third quarter. Two Sigma Advisers LP now owns 15,200 shares of the company’s stock worth $271,000 after buying an additional 2,400 shares in the last quarter. Morgan Stanley raised its position in shares of Franklin Covey by 203.8% in the third quarter. Morgan Stanley now owns 17,357 shares of the company’s stock worth $309,000 after buying an additional 11,644 shares in the last quarter. Northern Trust Corp raised its position in shares of Franklin Covey by 1.5% in the third quarter. Northern Trust Corp now owns 133,950 shares of the company’s stock worth $2,386,000 after buying an additional 1,925 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Franklin Covey by 0.5% in the third quarter. California State Teachers Retirement System now owns 21,674 shares of the company’s stock worth $386,000 after buying an additional 100 shares in the last quarter. 57.83% of the stock is currently owned by institutional investors and hedge funds.
Franklin Covey Company Profile