Franklin Covey Company (NYSE:FC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research firms have also issued reports on FC. ValuEngine upgraded shares of Franklin Covey Company from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. B. Riley restated a “buy” rating and issued a $24.00 target price on shares of Franklin Covey Company in a report on Sunday, April 2nd. Finally, Zacks Investment Research lowered shares of Franklin Covey Company from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Franklin Covey Company has a consensus rating of “Hold” and an average target price of $22.00.

Franklin Covey Company (NYSE FC) traded up 1.06% on Friday, reaching $19.10. The company’s stock had a trading volume of 37,760 shares. The firm’s 50 day moving average is $20.32 and its 200-day moving average is $19.32. The firm’s market cap is $264.21 million. Franklin Covey Company has a 12 month low of $13.45 and a 12 month high of $22.45.

Franklin Covey Company (NYSE:FC) last released its earnings results on Friday, June 30th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.13. The firm had revenue of $43.80 million during the quarter, compared to analyst estimates of $44.25 million. Franklin Covey Company had a negative net margin of 2.15% and a negative return on equity of 1.99%. Franklin Covey Company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) EPS. On average, equities research analysts anticipate that Franklin Covey Company will post ($0.46) EPS for the current year.

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In related news, Director Joel Clinton Peterson sold 2,689 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $20.95, for a total value of $56,334.55. Following the transaction, the director now owns 234,241 shares in the company, valued at $4,907,348.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders sold 6,273 shares of company stock worth $127,172. 33.50% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Franklin Covey Company by 0.7% in the first quarter. JPMorgan Chase & Co. now owns 231,971 shares of the business services provider’s stock valued at $4,686,000 after buying an additional 1,572 shares during the last quarter. Bank of New York Mellon Corp raised its position in Franklin Covey Company by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 78,590 shares of the business services provider’s stock valued at $1,587,000 after buying an additional 2,646 shares during the last quarter. Pembroke Management LTD raised its position in Franklin Covey Company by 12.5% in the first quarter. Pembroke Management LTD now owns 906,972 shares of the business services provider’s stock valued at $18,320,000 after buying an additional 100,800 shares during the last quarter. Wells Fargo & Company MN raised its position in Franklin Covey Company by 24.5% in the first quarter. Wells Fargo & Company MN now owns 8,617 shares of the business services provider’s stock valued at $174,000 after buying an additional 1,693 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in Franklin Covey Company by 0.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 413,705 shares of the business services provider’s stock valued at $8,357,000 after buying an additional 2,570 shares during the last quarter. Institutional investors and hedge funds own 54.32% of the company’s stock.

Franklin Covey Company Company Profile

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

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