Franklin Covey (NYSE:FC) Given New $35.00 Price Target at Barrington Research

Franklin Covey (NYSE:FC - Free Report) had its price objective decreased by Barrington Research from $45.00 to $35.00 in a report issued on Thursday morning,Benzinga reports. Barrington Research currently has an outperform rating on the business services provider's stock.

Separately, StockNews.com lowered shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a report on Monday, January 13th.

Franklin Covey Stock Down 2.9 %

NYSE FC traded down $0.59 during trading hours on Thursday, reaching $19.47. 84,856 shares of the company traded hands, compared to its average volume of 88,648. The stock has a market capitalization of $256.93 million, a PE ratio of 13.23, a PEG ratio of 1.74 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. Franklin Covey has a 12 month low of $19.04 and a 12 month high of $44.46. The company has a 50 day moving average of $31.88 and a two-hundred day moving average of $35.67.

Franklin Covey (NYSE:FC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. The business had revenue of $59.61 million for the quarter, compared to analysts' expectations of $62.24 million. As a group, equities analysts expect that Franklin Covey will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Franklin Covey

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Franklin Covey by 6,758.6% in the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock valued at $55,000 after purchasing an additional 1,960 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Franklin Covey by 152.2% during the first quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock valued at $27,000 after buying an additional 589 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Franklin Covey during the fourth quarter worth approximately $314,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Franklin Covey by 6.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,785 shares of the business services provider's stock valued at $819,000 after acquiring an additional 1,363 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in Franklin Covey by 7.4% during the 4th quarter. Point72 Asset Management L.P. now owns 8,841 shares of the business services provider's stock valued at $332,000 after acquiring an additional 608 shares in the last quarter. Institutional investors and hedge funds own 69.88% of the company's stock.

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.