Rice Hall James & Associates LLC lifted its position in shares of Franklin Covey Co. (NYSE:FC) by 0.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 335,711 shares of the business services provider’s stock after purchasing an additional 2,691 shares during the period. Rice Hall James & Associates LLC’s holdings in Franklin Covey were worth $11,414,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of FC. Pembroke Management LTD boosted its stake in Franklin Covey by 4.2% during the 2nd quarter. Pembroke Management LTD now owns 881,276 shares of the business services provider’s stock valued at $29,963,000 after acquiring an additional 35,773 shares during the last quarter. Cortina Asset Management LLC acquired a new stake in shares of Franklin Covey in the 2nd quarter worth about $3,454,000. FMR LLC increased its holdings in shares of Franklin Covey by 32.1% in the 1st quarter. FMR LLC now owns 298,560 shares of the business services provider’s stock worth $7,554,000 after acquiring an additional 72,626 shares during the period. Marshall Wace LLP increased its holdings in shares of Franklin Covey by 305.4% in the 1st quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock worth $184,000 after acquiring an additional 5,475 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its holdings in shares of Franklin Covey by 1.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 365,135 shares of the business services provider’s stock worth $9,238,000 after acquiring an additional 4,974 shares during the period. 45.55% of the stock is currently owned by institutional investors and hedge funds.
FC has been the topic of a number of analyst reports. Roth Capital increased their price objective on shares of Franklin Covey from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Barrington Research increased their price objective on shares of Franklin Covey from $34.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 28th. B. Riley increased their price objective on shares of Franklin Covey from $35.00 to $42.50 and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, ValuEngine raised shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Monday, June 3rd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.88.
Shares of FC stock traded up $0.46 during trading hours on Thursday, reaching $36.91. The stock had a trading volume of 9,781 shares, compared to its average volume of 35,376. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.31. Franklin Covey Co. has a twelve month low of $20.52 and a twelve month high of $38.40. The company’s 50-day simple moving average is $35.42. The company has a market cap of $519.98 million, a price-to-earnings ratio of -70.98 and a beta of 0.84.
Franklin Covey (NYSE:FC) last released its quarterly earnings data on Thursday, June 27th. The business services provider reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.06. The business had revenue of $56.01 million for the quarter, compared to analysts’ expectations of $52.95 million. Franklin Covey had a negative net margin of 2.28% and a negative return on equity of 6.68%. Analysts predict that Franklin Covey Co. will post -0.12 EPS for the current year.
In related news, Director Esther Kay Stepp sold 4,262 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $31.41, for a total value of $133,869.42. Following the completion of the transaction, the director now owns 57,369 shares in the company, valued at approximately $1,801,960.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 33.60% of the company’s stock.
Franklin Covey Company Profile
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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