Franklin Covey Co. (NYSE:FC) Receives $30.00 Average Target Price from Brokerages

Franklin Covey Co. (NYSE:FC) has earned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $30.00.

A number of brokerages recently weighed in on FC. Barrington Research reaffirmed a “buy” rating and set a $30.00 price objective on shares of Franklin Covey in a report on Thursday, May 28th. ValuEngine raised Franklin Covey from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. Zacks Investment Research lowered Franklin Covey from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. B. Riley dropped their price objective on Franklin Covey from $45.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, Roth Capital dropped their price objective on Franklin Covey from $51.00 to $28.00 in a report on Friday, April 3rd.

In related news, Director Esther Kay Stepp sold 4,000 shares of the stock in a transaction on Friday, June 19th. The stock was sold at an average price of $23.57, for a total transaction of $94,280.00. Following the sale, the director now owns 24,650 shares of the company’s stock, valued at $581,000.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Fung acquired 4,830 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $20.77 per share, for a total transaction of $100,319.10. Following the purchase, the director now owns 40,353 shares of the company’s stock, valued at $838,131.81. The disclosure for this purchase can be found here. Insiders sold 12,000 shares of company stock worth $242,280 in the last three months. 33.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Franklin Covey by 58.4% during the first quarter. BlackRock Inc. now owns 1,229,293 shares of the business services provider’s stock worth $19,104,000 after buying an additional 452,998 shares during the period. Board of Trustees of The Leland Stanford Junior University purchased a new position in Franklin Covey during the fourth quarter worth about $9,787,000. Trustees of Princeton University purchased a new position in Franklin Covey during the fourth quarter worth about $6,386,000. Wasatch Advisors Inc. purchased a new position in Franklin Covey during the first quarter worth about $1,948,000. Finally, Renaissance Technologies LLC lifted its position in Franklin Covey by 94.0% during the fourth quarter. Renaissance Technologies LLC now owns 232,603 shares of the business services provider’s stock worth $7,497,000 after buying an additional 112,700 shares during the period. 61.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Franklin Covey stock traded up $0.30 during trading hours on Tuesday, hitting $21.00. 128,100 shares of the company were exchanged, compared to its average volume of 129,622. Franklin Covey has a 1 year low of $12.61 and a 1 year high of $41.85. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average of $21.46 and a 200-day moving average of $25.71. The stock has a market capitalization of $287.10 million, a price-to-earnings ratio of 67.74, a P/E/G ratio of 25.56 and a beta of 1.55.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Thursday, April 2nd. The business services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.24. Franklin Covey had a return on equity of 5.63% and a net margin of 1.89%. The firm had revenue of $53.75 million for the quarter, compared to analyst estimates of $53.30 million. As a group, research analysts anticipate that Franklin Covey will post 0.05 earnings per share for the current fiscal year.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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