Short Interest in Franklin Covey Co. (NYSE:FC) Increases By 9.9%

Franklin Covey Co. (NYSE:FC) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 283,100 shares, an increase of 9.9% from the December 15th total of 257,700 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average trading volume of 62,900 shares, the short-interest ratio is presently 4.5 days.

Wall Street Analysts Forecast Growth

FC has been the subject of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, November 7th. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

Institutional Investors Weigh In On Franklin Covey

A number of hedge funds have recently added to or reduced their stakes in FC. Barclays PLC raised its position in Franklin Covey by 178.9% in the 3rd quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock valued at $1,379,000 after purchasing an additional 21,489 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Franklin Covey in the second quarter valued at approximately $17,022,000. State Street Corp lifted its stake in Franklin Covey by 2.4% in the third quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock worth $10,502,000 after acquiring an additional 5,955 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Franklin Covey by 137.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock worth $9,993,000 after acquiring an additional 140,537 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of Franklin Covey in the 3rd quarter valued at approximately $301,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Trading Up 0.5 %

Franklin Covey stock traded up $0.17 during midday trading on Monday, hitting $33.12. 93,368 shares of the stock were exchanged, compared to its average volume of 67,204. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $436.46 million, a price-to-earnings ratio of 22.53, a PEG ratio of 1.15 and a beta of 1.21. The stock’s 50-day simple moving average is $36.15 and its 200 day simple moving average is $38.78. Franklin Covey has a fifty-two week low of $28.99 and a fifty-two week high of $44.46.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.63% and a net margin of 6.85%. On average, equities analysts anticipate that Franklin Covey will post 1.36 EPS for the current 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.