Barrington Research Reiterates Outperform Rating for Franklin Covey (NYSE:FC)

Franklin Covey (NYSE:FC)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a report issued on Thursday,Benzinga reports. They currently have a $35.00 target price on the business services provider’s stock. Barrington Research’s target price points to a potential upside of 73.77% from the stock’s current price.

Separately, StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 3rd.

Franklin Covey Price Performance

NYSE FC opened at $20.14 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The company has a market cap of $265.78 million, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. Franklin Covey has a 52 week low of $18.94 and a 52 week high of $44.46. The firm’s 50-day simple moving average is $29.85 and its two-hundred day simple moving average is $34.88.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. The company had revenue of $59.61 million for the quarter, compared to analysts’ expectations of $62.24 million. Research analysts predict that Franklin Covey will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. O Keefe Stevens Advisory Inc. increased its holdings in shares of Franklin Covey by 29.8% in the first quarter. O Keefe Stevens Advisory Inc. now owns 12,479 shares of the business services provider’s stock worth $345,000 after purchasing an additional 2,867 shares during the period. Rhumbline Advisers increased its stake in Franklin Covey by 6.7% in the 1st quarter. Rhumbline Advisers now owns 16,427 shares of the business services provider’s stock worth $454,000 after acquiring an additional 1,033 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Franklin Covey by 6,758.6% in the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 1,960 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Franklin Covey by 152.2% during the 1st quarter. Versant Capital Management Inc now owns 976 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 589 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Franklin Covey during the fourth quarter worth about $314,000. 69.88% of the stock is owned by institutional investors.

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.