Franklin Covey (NYSE:FC) Stock Passes Above 200-Day Moving Average of $38.65

Shares of Franklin Covey Co. (NYSE:FC - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $38.65 and traded as high as $40.31. Franklin Covey shares last traded at $39.82, with a volume of 37,386 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently commented on FC. Barrington Research reissued an "outperform" rating and set a $45.00 price objective on shares of Franklin Covey in a report on Thursday, June 27th. StockNews.com raised Franklin Covey from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 24th. Finally, Roth Mkm reissued a "buy" rating and set a $50.00 price objective on shares of Franklin Covey in a report on Thursday, June 27th.

Franklin Covey Trading Down 0.2 %

The stock has a fifty day moving average of $39.09 and a 200-day moving average of $38.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. The company has a market cap of $520.36 million, a PE ratio of 29.72, a PEG ratio of 1.29 and a beta of 1.24.

Franklin Covey (NYSE:FC - Get Free Report) last issued its earnings results on Wednesday, June 26th. The business services provider reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.04. The business had revenue of $73.37 million during the quarter, compared to analyst estimates of $72.12 million. Franklin Covey had a return on equity of 24.90% and a net margin of 6.50%. During the same period in the previous year, the company posted $0.32 EPS. Sell-side analysts anticipate that Franklin Covey Co. will post 1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FC. Allspring Global Investments Holdings LLC purchased a new stake in Franklin Covey during the 1st quarter valued at about $59,000. Mather Group LLC. purchased a new stake in Franklin Covey during the 1st quarter valued at about $73,000. O Keefe Stevens Advisory Inc. purchased a new stake in shares of Franklin Covey in the second quarter worth about $202,000. Lazard Asset Management LLC boosted its stake in shares of 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 buying an additional 2,699 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Franklin Covey in the second quarter worth about $226,000. 69.88% of the stock is owned by institutional investors and hedge funds.

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.