Barrington Research Increases Franklin Covey (NYSE:FC) Price Target to $25.00

Franklin Covey (NYSE:FC) had its target price increased by equities research analysts at Barrington Research from $22.00 to $25.00 in a research report issued on Tuesday, MarketBeat reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 19.11% from the stock’s previous close.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Franklin Covey in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Franklin Covey currently has an average rating of “Hold” and an average target price of $26.00.

Franklin Covey Stock Up 2.3%

Shares of FC opened at $20.99 on Tuesday. Franklin Covey has a twelve month low of $14.03 and a twelve month high of $39.22. The company has a market capitalization of $242.42 million, a P/E ratio of -174.89, a price-to-earnings-growth ratio of 1.25 and a beta of 0.66. The firm has a 50 day moving average of $16.95 and a 200 day moving average of $18.23.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, January 7th. The business services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.30). Franklin Covey had a negative net margin of 0.54% and a positive return on equity of 9.98%. The business had revenue of $64.05 million during the quarter, compared to the consensus estimate of $64.77 million. During the same period last year, the company posted $0.20 earnings per share. On average, sell-side analysts expect that Franklin Covey will post 0.97 EPS for the current year.

Insider Buying and Selling

In related news, insider Michael Sean Merrill Covey sold 7,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $14.68, for a total value of $102,760.00. Following the completion of the transaction, the insider owned 218,636 shares of the company’s stock, valued at approximately $3,209,576.48. This represents a 3.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 15.20% of the company’s stock.

Institutional Investors Weigh In On Franklin Covey

Several large investors have recently made changes to their positions in FC. Wiser Advisor Group LLC bought a new position in Franklin Covey during the third quarter valued at approximately $35,000. CWM LLC raised its holdings in shares of Franklin Covey by 81.8% during the 3rd quarter. CWM LLC now owns 1,983 shares of the business services provider’s stock worth $38,000 after acquiring an additional 892 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Franklin Covey by 98.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock worth $43,000 after acquiring an additional 1,112 shares in the last quarter. Amundi bought a new position in shares of Franklin Covey during the 1st quarter valued at approximately $58,000. Finally, Quarry LP purchased a new position in shares of Franklin Covey in the third quarter valued at $74,000. 69.88% of the stock is owned by institutional investors.

Franklin Covey Company Profile

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.