Franklin Covey Company (NYSE:FC - Get Free Report) insider Sean Covey sold 8,000 shares of the business's stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $15.43, for a total transaction of $123,440.00. Following the transaction, the insider owned 217,426 shares in the company, valued at approximately $3,354,883.18. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Franklin Covey Stock Performance
Shares of FC stock opened at $14.87 on Friday. Franklin Covey Company has a 52-week low of $11.16 and a 52-week high of $26.81. The company has a 50-day simple moving average of $17.62 and a two-hundred day simple moving average of $19.41. The company has a market capitalization of $167.86 million, a price-to-earnings ratio of 15.10, a PEG ratio of 0.60 and a beta of 0.76.
Franklin Covey (NYSE:FC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The business services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. Franklin Covey had a net margin of 1.88% and a return on equity of 25.57%. The firm had revenue of $69.96 million during the quarter, compared to analyst estimates of $72.24 million. On average, sell-side analysts forecast that Franklin Covey Company will post 1.26 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on FC shares. Wall Street Zen raised Franklin Covey from a "hold" rating to a "buy" rating in a report on Sunday, August 30th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Franklin Covey in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.50.
View Our Latest Stock Analysis on FC
Hedge Funds Weigh In On Franklin Covey
A number of hedge funds and other institutional investors have recently made changes to their positions in FC. Royce & Associates LP boosted its stake in Franklin Covey by 7.2% in the third quarter. Royce & Associates LP now owns 944,629 shares of the business services provider's stock valued at $16,153,000 after acquiring an additional 63,268 shares during the last quarter. Aberdeen Group plc bought a new position in shares of Franklin Covey during the 3rd quarter valued at approximately $2,005,000. Russell Investments Group Ltd. increased its stake in shares of Franklin Covey by 19.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 194,844 shares of the business services provider's stock worth $3,332,000 after purchasing an additional 31,826 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Franklin Covey during the 3rd quarter worth approximately $199,000. Finally, Ritholtz Wealth Management increased its stake in shares of Franklin Covey by 178.2% during the 3rd quarter. Ritholtz Wealth Management now owns 50,851 shares of the business services provider's stock worth $870,000 after purchasing an additional 32,571 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.
Franklin Covey Company Profile
(
Get Free Report)
Franklin Covey Co. is a global organizational performance and leadership company. It helps businesses, government agencies, and other organizations improve leadership, execution, productivity, trust, sales performance, and customer experience through training and consulting. The company's offerings include workshops, coaching, consulting services, and digital learning tools. Its programs draw on FranklinCovey intellectual property, including The 7 Habits of Highly Effective People and The 4 Disciplines of Execution , and are available through its All Access Pass learning platform.
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