FranklinCovey (FC) Downgraded by Zacks Investment Research

FranklinCovey (NYSE:FC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “

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A number of other research analysts have also recently commented on the stock. Roth Capital increased their target price on shares of FranklinCovey from $26.00 to $34.00 and gave the stock a “buy” rating in a report on Friday. B. Riley reissued a “buy” rating on shares of FranklinCovey in a report on Thursday. Barrington Research increased their target price on shares of FranklinCovey from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, ValuEngine raised shares of FranklinCovey from a “hold” rating to a “buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. FranklinCovey presently has an average rating of “Hold” and an average price target of $30.00.

Shares of FC stock traded down $2.60 on Friday, reaching $26.35. The company had a trading volume of 95,461 shares, compared to its average volume of 75,512. The stock has a market capitalization of $382.49, a P/E ratio of -69.34 and a beta of 1.13. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.50. FranklinCovey has a one year low of $17.35 and a one year high of $31.20.

FranklinCovey (NYSE:FC) last posted its earnings results on Wednesday, April 4th. The business services provider reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.19. The firm had revenue of $46.55 million during the quarter, compared to analysts’ expectations of $46.50 million. FranklinCovey had a negative net margin of 2.54% and a negative return on equity of 5.73%. equities analysts predict that FranklinCovey will post -0.24 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of FranklinCovey by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after acquiring an additional 740 shares during the last quarter. Jefferies Group LLC acquired a new position in shares of FranklinCovey in the fourth quarter valued at approximately $212,000. Wells Fargo & Company MN increased its stake in shares of FranklinCovey by 59.0% in the third quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock valued at $223,000 after buying an additional 4,087 shares during the period. Millennium Management LLC acquired a new position in shares of FranklinCovey in the fourth quarter valued at approximately $231,000. Finally, California Public Employees Retirement System increased its stake in shares of FranklinCovey by 45.2% in the third quarter. California Public Employees Retirement System now owns 19,732 shares of the business services provider’s stock valued at $401,000 after buying an additional 6,140 shares during the period. 49.01% of the stock is owned by hedge funds and other institutional investors.

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FranklinCovey Company Profile

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.

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