Barrington Research Cuts Franklin Covey (NYSE:FC) Price Target to $27.00

Key Points

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Franklin Covey (NYSE:FC - Get Free Report) had its price target decreased by investment analysts at Barrington Research from $35.00 to $27.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Barrington Research's price objective would indicate a potential upside of 35.35% from the stock's previous close.

Separately, Roth Capital lowered their price objective on Franklin Covey from $30.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Franklin Covey currently has an average rating of "Buy" and an average price target of $27.00.

Franklin Covey Stock Up 3.9%

Shares of FC stock traded up $0.7490 during trading hours on Tuesday, reaching $19.9490. The company had a trading volume of 189,124 shares, compared to its average volume of 120,493. Franklin Covey has a twelve month low of $18.32 and a twelve month high of $44.16. The stock's fifty day simple moving average is $20.68 and its 200 day simple moving average is $24.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.84. The company has a market capitalization of $252.16 million, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 1.61 and a beta of 0.91.

Franklin Covey (NYSE:FC - Get Free Report) last issued its quarterly earnings data 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. Franklin Covey had a return on equity of 19.08% and a net margin of 3.81%.The firm had revenue of $67.12 million during the quarter, compared to analyst estimates of $67.49 million. 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, sell-side analysts expect that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FC. Royce & Associates LP lifted its holdings in shares of Franklin Covey by 564.6% in the 1st quarter. Royce & Associates LP now owns 935,669 shares of the business services provider's stock worth $25,843,000 after purchasing an additional 794,876 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Franklin Covey by 4.4% in the 1st quarter. Alliancebernstein L.P. now owns 641,620 shares of the business services provider's stock worth $17,722,000 after purchasing an additional 27,119 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of 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 worth $11,660,000 after purchasing an additional 131,872 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Franklin Covey by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 314,626 shares of the business services provider's stock worth $7,181,000 after purchasing an additional 2,118 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Franklin Covey by 1.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 252,930 shares of the business services provider's stock worth $5,772,000 after purchasing an additional 3,296 shares during the last quarter. Institutional investors own 69.88% of the company's stock.

About Franklin Covey

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.