Vanguard Group Inc. Sells 23,847 Shares of Franklin Covey Company $FC

Key Points

• Vanguard Group Inc. has reduced its stake in Franklin Covey Company by 3.2%, holding approximately 5.47% of the company after selling 23,847 shares in the first quarter.
• Analysts have set a consensus price target of $27.00 for Franklin Covey, down from previous targets of $30.00 and $35.00.
• Franklin Covey's stock recently opened at $19.55 and has seen fluctuations, with a twelve-month high of $44.16 and low of $18.32.

Vanguard Group Inc. decreased its holdings in shares of Franklin Covey Company (NYSE:FC - Free Report) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 711,027 shares of the business services provider's stock after selling 23,847 shares during the period. Vanguard Group Inc. owned approximately 5.47% of Franklin Covey worth $19,639,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Versant Capital Management Inc grew its position in shares of Franklin Covey by 152.2% in the first quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock valued at $27,000 after purchasing an additional 589 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Franklin Covey in the 4th quarter worth about $56,000. GAMMA Investing LLC grew its holdings in shares of Franklin Covey by 6,758.6% during the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock worth $55,000 after purchasing an additional 1,960 shares during the period. Tower Research Capital LLC TRC increased its position in Franklin Covey by 509.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock worth $81,000 after purchasing an additional 1,802 shares in the last quarter. Finally, US Bancorp DE acquired a new stake in shares of Franklin Covey during the first quarter valued at about $63,000. 69.88% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Stock Down 1.8%

Shares of FC traded down $0.36 during trading hours on Wednesday, reaching $19.24. The company's stock had a trading volume of 46,385 shares, compared to its average volume of 134,628. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The firm has a market cap of $243.13 million, a price-to-earnings ratio of 24.33, a P/E/G ratio of 1.22 and a beta of 0.89. The company has a 50 day moving average of $20.26 and a two-hundred day moving average of $23.30. Franklin Covey Company has a 1-year low of $18.32 and a 1-year high of $44.16.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.26. The business had revenue of $67.12 million for the quarter, compared to the consensus estimate of $67.49 million. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. During the same quarter last year, the firm earned $0.46 EPS. Franklin Covey has set its FY 2025 guidance at EPS. As a group, research analysts predict that Franklin Covey Company will post 0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FC has been the subject of a number of recent research reports. Barrington Research lowered their price objective on shares of Franklin Covey from $35.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, August 19th. Roth Capital dropped their price target on Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Franklin Covey presently has a consensus rating of "Buy" and an average target price of $27.00.

Franklin Covey 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.