Franklin Covey Co. (NYSE:FC) Sees Significant Decrease in Short Interest

Franklin Covey Co. (NYSE:FC) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 326,500 shares, a decline of 7.3% from the October 15th total of 352,400 shares. Based on an average trading volume of 50,500 shares, the days-to-cover ratio is currently 6.5 days. Currently, 3.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

FC has been the topic of several recent research reports. StockNews.com lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 7th. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a research note on Thursday, November 7th.

Hedge Funds Weigh In On Franklin Covey

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Franklin Covey by 3.5% during the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after buying an additional 24,062 shares during the period. Acadian Asset Management LLC lifted its position in Franklin Covey by 12.2% during the 1st quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock valued at $9,357,000 after acquiring an additional 25,876 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Franklin Covey during the second quarter worth about $17,022,000. Cornercap Investment Counsel Inc. purchased a new stake in Franklin Covey in the second quarter worth about $490,000. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Franklin Covey by 137.2% during the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after purchasing an additional 140,537 shares in the last quarter. 69.88% of the stock is owned by institutional investors.

Franklin Covey Stock Down 1.1 %

Shares of NYSE FC opened at $35.43 on Wednesday. The firm’s fifty day moving average is $40.00 and its 200 day moving average is $39.04. Franklin Covey has a 52 week low of $33.75 and a 52 week high of $44.96. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. The company has a market cap of $466.97 million, a price-to-earnings ratio of 20.36, a PEG ratio of 1.32 and a beta of 1.24.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. The firm had revenue of $84.12 million during the quarter, compared to the consensus estimate of $80.38 million. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. On average, equities research analysts expect that Franklin Covey will post 1.36 earnings per share for the current year.

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.