Franklin Covey (NYSE:FC) Upgraded at StockNews.com

StockNews.com upgraded shares of Franklin Covey (NYSE:FC) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning.

Separately, Barrington Research reiterated an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a research note on Thursday, November 7th.

Franklin Covey Stock Down 0.4 %

Shares of NYSE:FC opened at $36.48 on Wednesday. The company has a 50 day moving average of $39.36 and a two-hundred day moving average of $38.86. Franklin Covey has a 52-week low of $33.75 and a 52-week high of $44.96. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $480.81 million, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. The firm had revenue of $84.12 million for the quarter, compared to the consensus estimate of $80.38 million. As a group, analysts forecast that Franklin Covey will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Franklin Covey by 3.5% in the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock worth $27,623,000 after acquiring an additional 24,062 shares in the last quarter. Rice Hall James & Associates LLC grew its holdings in shares of Franklin Covey by 9.0% during the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after buying an additional 45,312 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Franklin Covey during the second quarter valued at $17,022,000. Geode Capital Management LLC boosted its position in Franklin Covey by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock worth $12,143,000 after acquiring an additional 8,888 shares during the period. Finally, State Street Corp grew 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 acquiring an additional 5,955 shares in 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.