Short Interest in Franklin Covey Co. (NYSE:FC) Decreases By 5.9%

Franklin Covey Co. (NYSE:FC) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 307,200 shares, a drop of 5.9% from the October 31st total of 326,500 shares. Based on an average daily volume of 47,200 shares, the days-to-cover ratio is presently 6.5 days. Approximately 2.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FC shares. Barrington Research reiterated an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a research note on Thursday, November 7th. StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th.

Franklin Covey Price Performance

Shares of NYSE:FC opened at $36.92 on Wednesday. The company has a 50-day moving average price of $39.20 and a two-hundred day moving average price of $38.84. Franklin Covey has a twelve month low of $33.75 and a twelve month high of $44.96. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $486.54 million, a PE ratio of 21.22, a P/E/G ratio of 1.37 and a beta of 1.20.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The business had revenue of $84.12 million during the quarter, compared to analyst estimates of $80.38 million. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. Equities analysts forecast that Franklin Covey will post 1.36 EPS for the current year.

Institutional Investors Weigh In On Franklin Covey

Hedge funds and other institutional investors have recently modified their holdings of the stock. O Keefe Stevens Advisory Inc. purchased a new position in Franklin Covey during the second quarter worth about $202,000. Cubist Systematic Strategies LLC bought a new position in shares of Franklin Covey during the 2nd quarter valued at about $226,000. Point72 Asset Management L.P. purchased a new position in shares of Franklin Covey during the 2nd quarter valued at about $248,000. SG Americas Securities LLC bought a new stake in Franklin Covey in the 3rd quarter worth approximately $290,000. Finally, Creative Planning purchased a new stake in Franklin Covey in the third quarter worth approximately $301,000. 69.88% of the stock is currently owned by institutional investors.

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.