Franklin Covey Co. (NYSE:FC) Short Interest Down 7.3% in October

Franklin Covey Co. (NYSE:FC) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 326,500 shares, a drop of 7.3% from the October 15th total of 352,400 shares. Based on an average daily trading volume, of 50,500 shares, the short-interest ratio is presently 6.5 days. Approximately 3.0% of the shares of the company are short sold.

Franklin Covey Price Performance

NYSE FC opened at $35.86 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. The company has a market cap of $472.63 million, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. Franklin Covey has a 52 week low of $33.75 and a 52 week high of $44.96. The firm’s 50-day simple moving average is $40.06 and its two-hundred day simple moving average is $39.07.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. The company had revenue of $84.12 million for 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%. Research analysts predict that Franklin Covey will post 1.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FC. StockNews.com downgraded shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th. Barrington Research reissued an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a report on Thursday, November 7th.

Institutional Investors Weigh In On Franklin Covey

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Franklin Covey by 3.5% in the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock worth $27,623,000 after buying an additional 24,062 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in Franklin Covey by 9.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock worth $22,586,000 after purchasing an additional 45,312 shares in the last quarter. Bares Capital Management Inc. boosted its holdings in Franklin Covey by 0.8% in the 1st quarter. Bares Capital Management Inc. now owns 461,661 shares of the business services provider’s stock valued at $18,125,000 after purchasing an additional 3,570 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Franklin Covey during the 2nd quarter valued at $17,022,000. Finally, Geode Capital Management LLC increased its holdings in shares of Franklin Covey by 3.1% in the third quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock worth $12,143,000 after purchasing an additional 8,888 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

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.