Franklin Covey's (FC) Outperform Rating Reaffirmed at Barrington Research

Franklin Covey (NYSE:FC - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Barrington Research in a research note issued on Thursday,Benzinga reports. They currently have a $35.00 price target on the business services provider's stock. Barrington Research's target price points to a potential upside of 60.22% from the stock's previous close. Barrington Research also issued estimates for Franklin Covey's FY2026 earnings at $0.80 EPS.

Separately, Wall Street Zen cut Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th.

Franklin Covey Stock Down 9.6%

Shares of FC traded down $2.33 during mid-day trading on Thursday, hitting $21.85. 467,756 shares of the company's stock were exchanged, compared to its average volume of 96,257. The stock has a market cap of $283.77 million, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.54 and a beta of 0.86. The firm has a fifty day moving average of $22.53 and a two-hundred day moving average of $28.15. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 0.03. Franklin Covey has a twelve month low of $18.94 and a twelve month high of $44.46.

Franklin Covey (NYSE:FC - Get Free Report) last posted its earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.26. The company had revenue of $67.12 million for the quarter, compared to analyst estimates of $67.49 million. Franklin Covey had a return on equity of 18.28% and a net margin of 3.81%. During the same period last year, the company earned $0.46 earnings per share. On average, sell-side analysts forecast that Franklin Covey will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its holdings in shares of Franklin Covey by 564.6% during the 1st quarter. Royce & Associates LP now owns 935,669 shares of the business services provider's stock valued at $25,843,000 after purchasing an additional 794,876 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Franklin Covey by 4.4% during the first quarter. Alliancebernstein L.P. now owns 641,620 shares of the business services provider's stock worth $17,722,000 after buying an additional 27,119 shares during the period. Acadian Asset Management LLC raised its position in Franklin Covey by 45.4% in the 1st quarter. Acadian Asset Management LLC now owns 422,357 shares of the business services provider's stock valued at $11,660,000 after buying an additional 131,872 shares during the last quarter. Geode Capital Management LLC boosted its position in Franklin Covey by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 301,054 shares of the business services provider's stock worth $11,316,000 after acquiring an additional 5,872 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Franklin Covey by 26.9% in the first quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider's stock valued at $6,589,000 after purchasing an additional 50,568 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors.

Franklin Covey Company Profile

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.