Franklin Covey (NYSE:FC) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Franklin Covey Company (NYSE:FC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.35 and traded as high as $24.19. Franklin Covey shares last traded at $23.9560, with a volume of 27,498 shares.

Analysts Set New Price Targets

Several brokerages recently commented on FC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Franklin Covey in a report on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 target price on shares of Franklin Covey in a report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Franklin Covey has an average rating of “Hold” and an average target price of $26.00.

Franklin Covey Stock Performance

The firm’s fifty day moving average is $21.88 and its 200 day moving average is $18.35. The firm has a market cap of $269.98 million, a P/E ratio of -114.08, a P/E/G ratio of 1.50 and a beta of 0.81.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). Franklin Covey had a positive return on equity of 12.79% and a negative net margin of 0.88%.The business had revenue of $59.65 million during the quarter, compared to analyst estimates of $58.71 million. As a group, equities research analysts forecast that Franklin Covey Company will post 0.8 EPS for the current year.

Institutional Trading of Franklin Covey

Several hedge funds and other institutional investors have recently bought and sold shares of FC. Alliancebernstein L.P. raised its stake in Franklin Covey by 70.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock worth $20,433,000 after purchasing an additional 434,965 shares in the last quarter. Millennium Management LLC raised its stake in Franklin Covey by 886.1% in the 3rd quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock worth $5,039,000 after purchasing an additional 233,291 shares in the last quarter. Federated Hermes Inc. raised its stake in Franklin Covey by 83.9% in the 4th quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock worth $6,316,000 after purchasing an additional 171,744 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Franklin Covey in the 3rd quarter worth about $2,275,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in Franklin Covey by 122.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 174,324 shares of the business services provider’s stock worth $3,384,000 after purchasing an additional 96,054 shares in the last quarter. Institutional investors and hedge funds own 69.88% of the company’s stock.

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.