Franklin Covey (NYSE:FC) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Franklin Covey Company (NYSE:FC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.20 and traded as high as $20.99. Franklin Covey shares last traded at $20.0720, with a volume of 168,132 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Franklin Covey in a report on Friday, October 31st. Barrington Research increased their target price on Franklin Covey from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.00.

Franklin Covey Price Performance

The business’s 50 day simple moving average is $17.41 and its 200-day simple moving average is $18.20. The stock has a market capitalization of $231.89 million, a P/E ratio of -167.25, a PEG ratio of 1.26 and a beta of 0.66.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, January 7th. The business services provider reported ($0.27) 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 for the quarter, compared to the consensus estimate of $64.77 million. During the same quarter in the previous year, the firm posted $0.20 EPS. Research analysts anticipate that Franklin Covey Company will post 0.97 earnings per share for the current fiscal year.

Insider Transactions at Franklin Covey

In other Franklin Covey news, insider Michael Sean Merrill Covey sold 7,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $14.68, for a total transaction of $102,760.00. Following the transaction, the insider owned 218,636 shares in the company, valued at approximately $3,209,576.48. This trade represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in Franklin Covey during the 2nd quarter worth $1,049,000. O Keefe Stevens Advisory Inc. increased its holdings in shares of Franklin Covey by 35.7% in the second quarter. O Keefe Stevens Advisory Inc. now owns 16,928 shares of the business services provider’s stock worth $386,000 after acquiring an additional 4,449 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Franklin Covey by 6.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,823 shares of the business services provider’s stock worth $249,000 after purchasing an additional 849 shares during the period. Illumine Investment Management LLC raised its position in shares of Franklin Covey by 6.1% during the third quarter. Illumine Investment Management LLC now owns 25,652 shares of the business services provider’s stock worth $498,000 after purchasing an additional 1,484 shares during the period. Finally, AlphaQuest LLC lifted its holdings in shares of Franklin Covey by 64.7% during the 3rd quarter. AlphaQuest LLC now owns 21,778 shares of the business services provider’s stock valued at $423,000 after purchasing an additional 8,552 shares in the last quarter. Institutional investors own 69.88% of the company’s stock.

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.