Zacks: Analysts Set $20.00 Price Target for Franklin Covey Co. (NYSE:FC)
Shares of Franklin Covey Co. (NYSE:FC) have received a consensus broker rating score of 1.50 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.
Brokers have set a 12-month consensus price objective of $20.00 for the company and are forecasting that the company will post $0.59 EPS for the current quarter, according to Zacks. Zacks has also given Franklin Covey an industry rank of 109 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Franklin Covey from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. B. Riley reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Franklin Covey in a research report on Monday, July 4th.
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Shares of Franklin Covey (NYSE:FC) traded down 1.45% during midday trading on Friday, reaching $17.64. 13,431 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $16.54 and a 200 day moving average price of $15.92. The firm has a market cap of $250.06 million, a PE ratio of 39.46 and a beta of 1.14. Franklin Covey has a 12 month low of $13.45 and a 12 month high of $18.28.
In other news, Director Joel Clinton Peterson sold 1,793 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $17.75, for a total transaction of $31,825.75. Following the completion of the transaction, the director now directly owns 253,277 shares of the company’s stock, valued at approximately $4,495,666.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 28.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC acquired a new stake in shares of Franklin Covey during the first quarter worth approximately $102,000. Acadian Asset Management LLC acquired a new stake in shares of Franklin Covey during the second quarter worth approximately $129,000. Menta Capital LLC boosted its stake in shares of Franklin Covey by 10.2% in the second quarter. Menta Capital LLC now owns 23,593 shares of the company’s stock worth $362,000 after buying an additional 2,175 shares during the last quarter. Strs Ohio boosted its stake in shares of Franklin Covey by 3.6% in the second quarter. Strs Ohio now owns 37,600 shares of the company’s stock worth $576,000 after buying an additional 1,300 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Franklin Covey by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,694 shares of the company’s stock worth $609,000 after buying an additional 714 shares during the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.
About Franklin Covey
Franklin Covey Co (FranklinCovey) is a global company engaged in performance improvement. The Company operates in seven areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Education. The Company operates globally with one common brand and business model designed to enable the Company to provide clients around the world.
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