Franklin Covey (NYSE:FC) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Franklin Covey from “Buy” to “Hold,” bringing the overall analyst consensus to “Hold” with an average price target of $27.50.
• Franklin Covey reported quarterly EPS of $0.27, exceeding the $0.24 consensus estimate, while revenue of $67.81 million fell slightly short of expectations.
• Shares opened at $20.25, with a market capitalization of approximately $228.6 million and a 52-week trading range of $11.16 to $26.81; institutional investors own nearly 70% of the stock.

Franklin Covey (NYSE:FC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other research firms also recently commented on FC. Weiss Ratings raised Franklin Covey from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, July 8th. National Bank Financial upgraded Franklin Covey to a "hold" rating in a report on Sunday, June 28th. Barrington Research reissued an "outperform" rating and set a $30.00 target price on shares of Franklin Covey in a research note on Thursday, July 2nd. Finally, Roth Capital upped their price target on Franklin Covey from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.50.

Franklin Covey Price Performance

Shares of NYSE:FC opened at $20.25 on Friday. The firm has a market capitalization of $228.62 million, a PE ratio of 119.12, a price-to-earnings-growth ratio of 1.04 and a beta of 0.80. Franklin Covey has a 1 year low of $11.16 and a 1 year high of $26.81. The firm's 50-day moving average is $21.73 and its two-hundred day moving average is $20.08.

Franklin Covey (NYSE:FC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. The business had revenue of $67.81 million during the quarter, compared to analyst estimates of $68.33 million. During the same quarter last year, the firm posted ($0.11) earnings per share. Analysts expect that Franklin Covey will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amundi acquired a new stake in Franklin Covey in the first quarter valued at $58,000. AQR Capital Management LLC boosted its position in shares of Franklin Covey by 14.1% during the 1st quarter. AQR Capital Management LLC now owns 68,376 shares of the business services provider's stock worth $1,889,000 after acquiring an additional 8,441 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Franklin Covey by 26.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 238,547 shares of the business services provider's stock valued at $6,589,000 after acquiring an additional 50,568 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Franklin Covey by 274.3% in the 1st quarter. Jane Street Group LLC now owns 84,874 shares of the business services provider's stock valued at $2,344,000 after acquiring an additional 62,201 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of Franklin Covey during the 2nd quarter worth about $217,000. Institutional investors and hedge funds 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.

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