Franklin Covey Co. (NYSE:FC) Short Interest Update

Franklin Covey Co. (NYSE:FC) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 307,200 shares, a decrease of 5.9% from the October 31st total of 326,500 shares. Based on an average daily trading volume, of 47,200 shares, the short-interest ratio is currently 6.5 days. Currently, 2.8% of the company’s stock are short sold.

Hedge Funds Weigh In On Franklin Covey

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Franklin Covey by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock worth $27,623,000 after buying an additional 24,062 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings in shares of Franklin Covey by 9.0% during the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock worth $22,586,000 after purchasing an additional 45,312 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Franklin Covey during the second quarter valued at $17,022,000. Geode Capital Management LLC boosted its holdings in Franklin Covey by 3.1% in the third quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock valued at $12,143,000 after purchasing an additional 8,888 shares during the last quarter. Finally, State Street Corp grew its position in Franklin Covey by 2.4% during the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock worth $10,502,000 after purchasing an additional 5,955 shares during the period. 69.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FC has been the topic of a number of recent research reports. StockNews.com raised Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barrington Research restated an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a report on Thursday, November 7th.

Franklin Covey Stock Down 1.0 %

FC stock traded down $0.37 on Tuesday, hitting $37.03. 1,527 shares of the company’s stock were exchanged, compared to its average volume of 72,209. The firm has a 50 day moving average price of $39.29 and a two-hundred day moving average price of $38.85. Franklin Covey has a 12-month low of $33.75 and a 12-month high of $44.96. The stock has a market cap of $488.06 million, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.99.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. The firm had revenue of $84.12 million for the quarter, compared to the consensus estimate of $80.38 million. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. As a group, equities research analysts expect that Franklin Covey will post 1.36 EPS for the current fiscal year.

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.