Franklin Covey (NYSE:FC) Shares Gap Up to $34.93

Franklin Covey Co. (NYSE:FC) shares gapped up prior to trading on Thursday . The stock had previously closed at $34.93, but opened at $38.00. Franklin Covey shares last traded at $38.19, with a volume of 20,199 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FC. Roth Mkm reiterated a “buy” rating and issued a $50.00 price objective on shares of Franklin Covey in a report on Thursday. Barrington Research restated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research note on Thursday. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Northland Securities decreased their price target on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th.

Franklin Covey Stock Up 3.4 %

The business has a 50-day moving average price of $37.22 and a two-hundred day moving average price of $39.00. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The firm has a market cap of $504.26 million, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.24.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, March 27th. The business services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. The business had revenue of $61.34 million for the quarter, compared to analyst estimates of $62.03 million. On average, equities research analysts expect that Franklin Covey Co. will post 1.71 EPS for the current year.

Hedge Funds Weigh In On Franklin Covey

Large investors have recently bought and sold shares of the business. Partners Capital Investment Group LLP purchased a new position in Franklin Covey in the fourth quarter valued at $404,000. Hsbc Holdings PLC increased its holdings in Franklin Covey by 120.4% in the third quarter. Hsbc Holdings PLC now owns 14,224 shares of the business services provider’s stock valued at $609,000 after buying an additional 7,770 shares during the last quarter. Worth Venture Partners LLC increased its holdings in Franklin Covey by 8.7% in the third quarter. Worth Venture Partners LLC now owns 48,178 shares of the business services provider’s stock valued at $2,068,000 after buying an additional 3,855 shares during the last quarter. Legato Capital Management LLC increased its holdings in Franklin Covey by 8.8% in the fourth quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock valued at $263,000 after buying an additional 489 shares during the last quarter. Finally, Quadrature Capital Ltd grew its holdings in shares of Franklin Covey by 54.7% during the third quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider’s stock worth $387,000 after purchasing an additional 3,189 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

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.