Franklin Covey (NYSE:FC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Franklin Covey Company (NYSE:FC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.50 and traded as high as $23.05. Franklin Covey shares last traded at $22.6180, with a volume of 120,693 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FC. Weiss Ratings reiterated a “sell (d)” rating on shares of Franklin Covey in a research report on Friday, April 10th. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Franklin Covey in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Franklin Covey presently has an average rating of “Hold” and an average price target of $26.00.

Franklin Covey Stock Down 1.6%

The business’s 50-day simple moving average is $17.66 and its 200-day simple moving average is $17.50. The stock has a market cap of $249.96 million, a PE ratio of -105.61, a PEG ratio of 1.42 and a beta of 0.78.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, April 1st. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Franklin Covey had a negative net margin of 0.88% and a positive return on equity of 12.79%. The firm had revenue of $59.65 million during the quarter, compared to analysts’ expectations of $58.71 million. As a group, equities research analysts anticipate that Franklin Covey Company will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

A number of hedge funds have recently modified their holdings of FC. Alliancebernstein L.P. increased its position in shares of Franklin Covey by 70.4% during the third quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after buying an additional 434,965 shares during the period. Punch & Associates Investment Management Inc. increased its position in shares of Franklin Covey by 0.3% during the third quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock valued at $11,477,000 after buying an additional 1,811 shares during the period. Federated Hermes Inc. increased its position in shares of Franklin Covey by 83.9% during the fourth quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock valued at $6,316,000 after buying an additional 171,744 shares during the period. Geode Capital Management LLC increased its position in shares of Franklin Covey by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 301,459 shares of the business services provider’s stock valued at $5,060,000 after buying an additional 1,626 shares during the period. Finally, Millennium Management LLC increased its position in shares of Franklin Covey by 886.1% during the third quarter. Millennium Management LLC now owns 259,618 shares of the business services provider’s stock valued at $5,039,000 after buying an additional 233,291 shares during the period. Hedge funds and other institutional investors own 69.88% of the company’s stock.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.