Fox Factory Holding Corp (NASDAQ:FOXF) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $86.20.
A number of research analysts have recently commented on the company. BidaskClub lowered Fox Factory from a “strong-buy” rating to a “buy” rating in a report on Friday. William Blair restated a “market perform” rating on shares of Fox Factory in a research note on Thursday, August 6th. SunTrust Banks increased their target price on Fox Factory from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “strong-buy” rating and set a $123.00 target price for the company in a research note on Monday, August 10th. Finally, CJS Securities downgraded Fox Factory from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 16th.
In other Fox Factory news, Director Larry L. Enterline sold 36,485 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $106.92, for a total value of $3,900,976.20. Following the completion of the sale, the director now owns 12,917 shares in the company, valued at approximately $1,381,085.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard T. Winters sold 1,115 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $106.00, for a total value of $118,190.00. Following the completion of the sale, the insider now owns 21,514 shares of the company’s stock, valued at approximately $2,280,484. The disclosure for this sale can be found here. Insiders sold a total of 110,388 shares of company stock valued at $11,812,677 in the last quarter. Corporate insiders own 1.10% of the company’s stock.
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Hedge funds have recently made changes to their positions in the business. Chatham Capital Group Inc. raised its holdings in shares of Fox Factory by 0.6% in the 2nd quarter. Chatham Capital Group Inc. now owns 31,589 shares of the company’s stock worth $2,610,000 after buying an additional 195 shares in the last quarter. Redmond Asset Management LLC raised its holdings in shares of Fox Factory by 2.0% in the 1st quarter. Redmond Asset Management LLC now owns 14,331 shares of the company’s stock worth $602,000 after buying an additional 280 shares in the last quarter. D. B. Root & Company LLC raised its holdings in shares of Fox Factory by 7.1% in the 2nd quarter. D. B. Root & Company LLC now owns 6,775 shares of the company’s stock worth $559,000 after buying an additional 450 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fox Factory by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,851 shares of the company’s stock worth $2,466,000 after buying an additional 497 shares in the last quarter. Finally, Squar Milner Financial Services LLC raised its holdings in shares of Fox Factory by 14.4% in the 2nd quarter. Squar Milner Financial Services LLC now owns 4,423 shares of the company’s stock worth $365,000 after buying an additional 558 shares in the last quarter.
Shares of FOXF stock opened at $103.50 on Friday. The company has a quick ratio of 2.97, a current ratio of 4.23 and a debt-to-equity ratio of 0.63. The stock has a market cap of $4.29 billion, a P/E ratio of 55.65, a P/E/G ratio of 2.94 and a beta of 1.77. The business has a fifty day simple moving average of $96.06 and a 200-day simple moving average of $70.78. Fox Factory has a fifty-two week low of $34.58 and a fifty-two week high of $113.41.
Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.22. The business had revenue of $183.10 million for the quarter, compared to analyst estimates of $157.07 million. Fox Factory had a return on equity of 20.91% and a net margin of 9.53%. On average, sell-side analysts anticipate that Fox Factory will post 2.54 earnings per share for the current year.
Fox Factory Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.
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7 Gun Stocks to Buy During the Coronavirus Pandemic
Socially conscious investors may want to stop reading. But the fact is that gun stocks were some of the best-performing stocks at the onset of the coronavirus pandemic. And they continue their positive momentum.
Some of that may be historical. Firearms sales tend to increase during an election year. But of course, this has not started out as a normal election year.
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