Hotchkis & Wiley Capital Management LLC Buys Shares of 93,370 Franklin Covey Company $FC

Key Points

• Hotchkis & Wiley Capital Management LLC acquired 93,370 shares of Franklin Covey, valued at approximately $2.58 million, increasing its stake to about 0.72% of the company.
• Institutional investors have shown significant interest, with Royce & Associates LP increasing their holdings by 564.6% in the first quarter alone.
• Analysts have set a new average price target for Franklin Covey at $27.00, with their rating currently classified as "Buy" by two analysts.

Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Franklin Covey Company (NYSE:FC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 93,370 shares of the business services provider's stock, valued at approximately $2,579,000. Hotchkis & Wiley Capital Management LLC owned about 0.72% of Franklin Covey as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Royce & Associates LP increased its position in shares of Franklin Covey by 564.6% during the first quarter. Royce & Associates LP now owns 935,669 shares of the business services provider's stock worth $25,843,000 after buying an additional 794,876 shares during the period. Herald Investment Management Ltd boosted its position in Franklin Covey by 9.4% during the first quarter. Herald Investment Management Ltd now owns 175,000 shares of the business services provider's stock valued at $4,814,000 after acquiring an additional 15,000 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Franklin Covey by 3,724.8% during the first quarter. Russell Investments Group Ltd. now owns 156,127 shares of the business services provider's stock valued at $4,312,000 after acquiring an additional 152,045 shares during the last quarter. Northern Trust Corp grew its holdings in Franklin Covey by 10.3% during the 4th quarter. Northern Trust Corp now owns 120,665 shares of the business services provider's stock worth $4,535,000 after acquiring an additional 11,266 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of Franklin Covey by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 95,542 shares of the business services provider's stock worth $3,590,000 after acquiring an additional 918 shares in the last quarter. 69.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barrington Research cut their target price on Franklin Covey from $35.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 19th. Roth Capital cut their price target on Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, July 7th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $27.00.

Franklin Covey Trading Up 1.1%

Shares of Franklin Covey stock opened at $19.56 on Wednesday. The stock has a market capitalization of $247.24 million, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.56 and a beta of 0.91. Franklin Covey Company has a 52 week low of $18.32 and a 52 week high of $44.16. The stock has a 50 day moving average price of $20.54 and a two-hundred day moving average price of $23.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.84.

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

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.

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