Franklin Covey Co. (NYSE:FC) Short Interest Down 7.3% in October

Franklin Covey Co. (NYSE:FC) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 326,500 shares, a drop of 7.3% from the October 15th total of 352,400 shares. Based on an average daily volume of 50,500 shares, the days-to-cover ratio is presently 6.5 days. Approximately 3.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

FC has been the topic of a number of research reports. StockNews.com lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Stock Down 0.4 %

Shares of FC stock traded down $0.16 during trading on Tuesday, reaching $35.67. The company’s stock had a trading volume of 3,341 shares, compared to its average volume of 72,812. The stock’s 50-day moving average price is $40.06 and its 200 day moving average price is $39.07. The company has a market capitalization of $470.13 million, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.32 and a beta of 1.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.96. Franklin Covey has a 1-year low of $33.75 and a 1-year high of $44.96.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The company had revenue of $84.12 million for the quarter, compared to analysts’ expectations of $80.38 million. Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. On average, research analysts anticipate that Franklin Covey will post 1.36 EPS for the current year.

Institutional Trading of Franklin Covey

A number of hedge funds have recently added to or reduced their stakes in FC. Hancock Whitney Corp grew its holdings in shares of Franklin Covey by 6.2% in the 1st quarter. Hancock Whitney Corp now owns 6,670 shares of the business services provider’s stock worth $262,000 after acquiring an additional 390 shares during the period. Bailard Inc. increased its position in shares of Franklin Covey by 4.4% in the second quarter. Bailard Inc. now owns 11,942 shares of the business services provider’s stock valued at $454,000 after buying an additional 500 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Franklin Covey by 5.5% during the 3rd quarter. Janus Henderson Group PLC now owns 18,458 shares of the business services provider’s stock worth $759,000 after buying an additional 964 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Franklin Covey in the 1st quarter worth about $59,000. Finally, EP Wealth Advisors LLC grew its stake in Franklin Covey by 9.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 17,809 shares of the business services provider’s stock valued at $732,000 after acquiring an additional 1,541 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.