Franklin Covey’s (FC) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Franklin Covey (NYSE:FC) in a report issued on Friday morning,Benzinga reports. The brokerage currently has a $45.00 target price on the business services provider’s stock.

Separately, StockNews.com cut shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th.

Franklin Covey Price Performance

Shares of FC opened at $28.41 on Friday. The company has a 50 day moving average price of $33.48 and a 200-day moving average price of $36.72. Franklin Covey has a fifty-two week low of $27.97 and a fifty-two week high of $44.46. The stock has a market capitalization of $374.90 million, a PE ratio of 19.33, a PEG ratio of 1.74 and a beta of 1.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. Equities analysts predict that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Franklin Covey by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 301,054 shares of the business services provider’s stock valued at $11,316,000 after purchasing an additional 5,872 shares in the last quarter. State Street Corp increased its stake in Franklin Covey by 2.4% during the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after purchasing an additional 5,955 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Franklin Covey by 3.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock valued at $9,442,000 after purchasing an additional 8,310 shares in the last quarter. Renaissance Technologies LLC increased its stake in Franklin Covey by 7.2% during the 4th quarter. Renaissance Technologies LLC now owns 146,903 shares of the business services provider’s stock valued at $5,521,000 after purchasing an additional 9,900 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Franklin Covey by 885.5% during the 4th quarter. Royce & Associates LP now owns 140,793 shares of the business services provider’s stock valued at $5,291,000 after purchasing an additional 126,506 shares in the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

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.