Franklin Covey Co. (NYSE:FC) Sees Significant Decrease in Short Interest

Franklin Covey Co. (NYSE:FC - Get Free Report) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 326,500 shares, a drop of 7.3% from the October 15th total of 352,400 shares. Based on an average daily volume of 50,500 shares, the short-interest ratio is currently 6.5 days. Currently, 3.0% of the company's shares are sold short.

Analyst Upgrades and Downgrades

FC has been the topic of several recent analyst reports. Barrington Research reiterated an "outperform" rating and set a $45.00 target price on shares of Franklin Covey in a report on Thursday, November 7th. StockNews.com cut Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Thursday, November 7th.

Franklin Covey Stock Up 0.4 %

NYSE:FC traded up $0.15 on Monday, hitting $36.01. The stock had a trading volume of 31,975 shares, compared to its average volume of 73,051. The firm's fifty day simple moving average is $40.06 and its two-hundred day simple moving average is $39.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.99. Franklin Covey has a 1 year low of $33.75 and a 1 year high of $44.96. The stock has a market cap of $474.61 million, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24.

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

Institutional Trading of Franklin Covey

Several institutional investors have recently added to or reduced their stakes in FC. Allspring Global Investments Holdings LLC bought a new position in shares of Franklin Covey during the first quarter valued at about $59,000. O Keefe Stevens Advisory Inc. purchased a new stake in Franklin Covey in the second quarter worth about $202,000. Lazard Asset Management LLC grew its holdings in Franklin Covey by 92.7% in the first quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider's stock worth $220,000 after purchasing an additional 2,699 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Franklin Covey in the second quarter worth about $226,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Franklin Covey during the first quarter valued at approximately $241,000. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Covey Company 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.