Barrington Research Reaffirms “Outperform” Rating for Franklin Covey (NYSE:FC)

Barrington Research reiterated their outperform rating on shares of Franklin Covey (NYSE:FC) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $45.00 price objective on the business services provider’s stock.

Separately, StockNews.com raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 26th.

Franklin Covey Trading Down 0.6 %

Shares of NYSE FC opened at $39.86 on Monday. The business’s 50 day moving average price is $40.22 and its 200-day moving average price is $39.07. Franklin Covey has a fifty-two week low of $32.19 and a fifty-two week high of $44.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. The company has a market cap of $521.93 million, a price-to-earnings ratio of 29.71, a PEG ratio of 0.95 and a beta of 1.24.

Hedge Funds Weigh In On Franklin Covey

A number of hedge funds and other institutional investors have recently made changes to their positions in FC. Harbor Capital Advisors Inc. boosted its stake in shares of Franklin Covey by 137.2% during the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after purchasing an additional 140,537 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in Franklin Covey by 9.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after acquiring an additional 45,312 shares in the last quarter. Modera Wealth Management LLC purchased a new position in shares of Franklin Covey in the 3rd quarter valued at $352,000. Creative Planning purchased a new stake in shares of Franklin Covey during the 3rd quarter worth $301,000. Finally, O Keefe Stevens Advisory Inc. boosted its position in Franklin Covey by 30.6% during the third quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 1,629 shares in the last quarter. 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.