Franklin Covey Co. (NYSE:FC) Short Interest Update

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new stake in Franklin Covey during the 2nd quarter valued at approximately $17,022,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Franklin Covey by 137.2% in the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock worth $9,993,000 after buying an additional 140,537 shares in the last quarter. Dean Investment Associates LLC purchased a new position in shares of Franklin Covey in the third quarter worth $2,259,000. Rice Hall James & Associates LLC grew its stake in Franklin Covey by 9.0% during the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after acquiring an additional 45,312 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Franklin Covey by 12.2% in 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 last quarter. 69.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Franklin Covey Price Performance

Shares of FC opened at $35.43 on Wednesday. The firm has a fifty day simple moving average of $40.00 and a two-hundred day simple moving average of $39.04. The firm has a market cap of $466.97 million, a PE ratio of 20.36, a P/E/G ratio of 1.32 and a beta of 1.24. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. Franklin Covey has a 1-year low of $33.75 and a 1-year high of $44.96.

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