Bares Capital Management Inc. Trims Holdings in Franklin Covey Co. (NYSE:FC)

Bares Capital Management Inc. reduced its stake in Franklin Covey Co. (NYSE:FC - Free Report) by 97.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,061 shares of the business services provider's stock after selling 454,600 shares during the period. Franklin Covey accounts for 0.0% of Bares Capital Management Inc.'s holdings, making the stock its 14th biggest holding. Bares Capital Management Inc. owned about 0.09% of Franklin Covey worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in FC. B. Riley Wealth Advisors Inc. bought a new position in shares of Franklin Covey during the second quarter valued at approximately $17,022,000. Harbor Capital Advisors Inc. boosted its stake in Franklin Covey by 137.2% in the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider's stock valued at $9,993,000 after acquiring an additional 140,537 shares in the last quarter. Dean Investment Associates LLC acquired a new stake in Franklin Covey in the third quarter valued at approximately $2,259,000. Rice Hall James & Associates LLC boosted its stake in Franklin Covey by 9.0% in the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider's stock valued at $22,586,000 after acquiring an additional 45,312 shares in the last quarter. Finally, Barclays PLC boosted its stake in Franklin Covey by 178.9% in the third quarter. Barclays PLC now owns 33,499 shares of the business services provider's stock valued at $1,379,000 after acquiring an additional 21,489 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FC has been the subject of a number of research analyst reports. StockNews.com raised shares of Franklin Covey from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Barrington Research reaffirmed 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 Performance

FC traded up $0.56 on Tuesday, reaching $37.31. The stock had a trading volume of 76,848 shares, compared to its average volume of 72,500. Franklin Covey Co. has a 12-month low of $33.75 and a 12-month high of $44.96. 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 business's 50-day moving average price is $38.83 and its two-hundred day moving average price is $38.82. The company has a market cap of $491.90 million, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 1.33 and a beta of 1.20.

Franklin Covey (NYSE:FC - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. The company had revenue of $84.12 million during the quarter, compared to analysts' expectations of $80.38 million. Sell-side analysts forecast that Franklin Covey Co. will post 1.36 earnings per share for the current year.

Franklin Covey Profile

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.