Franklin Covey (NYSE:FC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Franklin Covey (NYSE:FC - Free Report) from a buy rating to a strong-buy rating in a report published on Thursday.

Separately, Barrington Research reduced their price target on Franklin Covey from $45.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd.

Franklin Covey Stock Down 2.9 %

Franklin Covey stock traded down $0.59 during trading hours on Thursday, hitting $19.47. The company had a trading volume of 84,856 shares, compared to its average volume of 88,650. Franklin Covey has a fifty-two week low of $19.04 and a fifty-two week high of $44.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. The firm has a market capitalization of $256.93 million, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The firm's fifty day moving average is $31.88 and its 200-day moving average is $35.67.

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

Institutional Investors Weigh In On Franklin Covey

A number of large investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in shares of Franklin Covey by 152.2% in the first quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock worth $27,000 after buying an additional 589 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Franklin Covey in the 4th quarter worth approximately $38,000. GAMMA Investing LLC boosted its position in Franklin Covey by 6,758.6% during the first quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock worth $55,000 after purchasing an additional 1,960 shares during the period. Aquatic Capital Management LLC bought a new stake in Franklin Covey during the fourth quarter worth approximately $56,000. Finally, R Squared Ltd acquired a new position in Franklin Covey during the fourth quarter valued at approximately $57,000. 69.88% of the stock is currently owned by institutional investors.

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.