Short Interest in Franklin Covey Co. (NYSE:FC) Decreases By 5.8%

Franklin Covey Co. (NYSE:FC) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 808,900 shares, a decline of 5.8% from the April 15th total of 858,600 shares. Based on an average trading volume of 88,600 shares, the short-interest ratio is presently 9.1 days. Currently, 7.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hancock Whitney Corp grew its stake in shares of Franklin Covey by 6.2% in the 1st quarter. Hancock Whitney Corp now owns 6,670 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 390 shares during the last quarter. Legato Capital Management LLC raised its position in Franklin Covey by 8.8% during the 4th quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock worth $263,000 after buying an additional 489 shares during the last quarter. Barclays PLC lifted its stake in shares of Franklin Covey by 19.7% in the 3rd quarter. Barclays PLC now owns 5,921 shares of the business services provider’s stock worth $254,000 after acquiring an additional 975 shares during the period. Brasada Capital Management LP boosted its holdings in shares of Franklin Covey by 1.1% in the third quarter. Brasada Capital Management LP now owns 96,055 shares of the business services provider’s stock valued at $3,951,000 after acquiring an additional 1,067 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Franklin Covey by 46.3% during the fourth quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock worth $155,000 after acquiring an additional 1,128 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FC. Barrington Research reiterated an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research note on Monday, April 8th. StockNews.com lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Finally, Northland Securities lowered their target price on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Franklin Covey has a consensus rating of “Buy” and a consensus price target of $66.33.

Franklin Covey Stock Down 1.9 %

Shares of NYSE:FC traded down $0.72 during trading on Friday, hitting $38.19. 48,757 shares of the company were exchanged, compared to its average volume of 71,642. The firm’s 50 day moving average price is $39.06 and its 200-day moving average price is $39.53. Franklin Covey has a 12-month low of $32.19 and a 12-month high of $48.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85. The stock has a market capitalization of $506.78 million, a P/E ratio of 31.05, a PEG ratio of 1.13 and a beta of 1.19.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, March 27th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Franklin Covey had a net margin of 6.13% and a return on equity of 23.23%. The company had revenue of $61.34 million during the quarter, compared to the consensus estimate of $62.03 million. On average, research analysts predict that Franklin Covey will post 1.72 earnings per share for the current fiscal year.

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.