Franklin Covey (NYSE:FC) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Franklin Covey Company (NYSE:FC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.24 and traded as high as $19.81. Franklin Covey shares last traded at $19.0290, with a volume of 122,134 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barrington Research lifted their price objective on shares of Franklin Covey from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Franklin Covey in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.00.

Franklin Covey Trading Up 3.3%

The stock has a market capitalization of $225.80 million, a P/E ratio of -162.90, a P/E/G ratio of 1.15 and a beta of 0.69. The stock’s 50 day simple moving average is $18.19 and its 200 day simple moving average is $18.24.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, January 7th. The business services provider reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.30). Franklin Covey had a negative net margin of 0.54% and a positive return on equity of 9.98%. The company had revenue of $64.05 million during the quarter, compared to analyst estimates of $64.77 million. During the same quarter last year, the company posted $0.20 EPS. On average, sell-side analysts expect that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

Insider Transactions at Franklin Covey

In other Franklin Covey news, insider Michael Sean Merrill Covey sold 7,000 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $14.68, for a total transaction of $102,760.00. Following the transaction, the insider owned 218,636 shares of the company’s stock, valued at $3,209,576.48. This trade represents a 3.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Franklin Covey

Several large investors have recently added to or reduced their stakes in FC. Amundi acquired a new position in Franklin Covey in the first quarter worth $58,000. AQR Capital Management LLC lifted its position in shares of Franklin Covey by 14.1% in the 1st quarter. AQR Capital Management LLC now owns 68,376 shares of the business services provider’s stock worth $1,889,000 after buying an additional 8,441 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Franklin Covey by 26.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider’s stock worth $6,589,000 after buying an additional 50,568 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Franklin Covey by 274.3% in the 1st quarter. Jane Street Group LLC now owns 84,874 shares of the business services provider’s stock valued at $2,344,000 after buying an additional 62,201 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Franklin Covey during the 2nd quarter valued at about $1,049,000. 69.88% of the stock is currently owned by institutional investors.

Franklin Covey Company Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.