Franklin Covey (NYSE:FC) Insider Michael Sean Merrill Covey Sells 8,000 Shares of Company Stock

Key Points

• Sean Covey sold 8,000 Franklin Covey shares at an average price of $15.43, totaling $123,440. After the sale, he directly held 217,426 shares, a 3.55% reduction in his position.
• Franklin Covey reported quarterly EPS of $0.62, above the $0.59 analyst consensus, while revenue of $69.96 million fell short of expectations of $72.24 million.
• Analysts’ consensus rating is Hold, with a $27.50 target price. Shares were trading at $14.87 in the article’s report.

Franklin Covey Company (NYSE:FC - Get Free Report) insider Sean Covey sold 8,000 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $15.43, for a total value of $123,440.00. Following the transaction, the insider directly owned 217,426 shares in the company, valued at approximately $3,354,883.18. This represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Franklin Covey Price Performance

Shares of FC stock traded down $0.23 during trading on Thursday, reaching $14.87. The company had a trading volume of 56,932 shares, compared to its average volume of 117,096. The firm's 50 day simple moving average is $17.69 and its two-hundred day simple moving average is $19.44. Franklin Covey Company has a one year low of $11.16 and a one year high of $26.81. The company has a market capitalization of $167.92 million, a PE ratio of 33.04, a PEG ratio of 0.59 and a beta of 0.76.

Franklin Covey (NYSE:FC - Get Free Report) last announced its earnings results on Wednesday, November 4th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.03. Franklin Covey had a return on equity of 25.57% and a net margin of 1.88%. The firm had revenue of $69.96 million during the quarter, compared to analysts' expectations of $72.24 million. Analysts forecast that Franklin Covey Company will post 1.26 earnings per share for the current year.

Institutional Trading of Franklin Covey

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Franklin Covey during the second quarter worth approximately $24,191,000. Deutsche Bank AG bought a new stake in shares of Franklin Covey in the second quarter valued at approximately $1,277,000. Rice Hall James & Associates LLC grew its stake in shares of Franklin Covey by 6.2% in the first quarter. Rice Hall James & Associates LLC now owns 510,689 shares of the business services provider's stock worth $8,064,000 after acquiring an additional 30,035 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Franklin Covey in the second quarter worth $2,438,000. Finally, Quantinno Capital Management LP grew its stake in shares of Franklin Covey by 82.8% in the first quarter. Quantinno Capital Management LP now owns 69,312 shares of the business services provider's stock worth $1,094,000 after acquiring an additional 31,395 shares during the last quarter. Institutional investors own 69.88% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Franklin Covey in a report on Friday, October 2nd. Wall Street Zen upgraded shares of Franklin Covey from a "hold" rating to a "buy" rating in a report on Sunday, August 30th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Franklin Covey presently has a consensus rating of "Hold" and a consensus target price of $27.50.

About Franklin Covey

Franklin Covey Co. is a global organizational performance and leadership company. It helps businesses, government agencies, and other organizations improve leadership, execution, productivity, trust, sales performance, and customer experience through training and consulting. The company's offerings include workshops, coaching, consulting services, and digital learning tools. Its programs draw on FranklinCovey intellectual property, including The 7 Habits of Highly Effective People and The 4 Disciplines of Execution , and are available through its All Access Pass learning platform.

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