Fox Factory Holding Corp (NASDAQ:FOXF) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $77.00.
A number of brokerages have recently weighed in on FOXF. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating in a report on Wednesday, October 7th. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Thursday, September 17th. William Blair reiterated a “market perform” rating on shares of Fox Factory in a report on Thursday, August 6th. TheStreet upgraded Fox Factory from a “c+” rating to a “b-” rating in a report on Thursday, August 6th. Finally, CJS Securities upgraded Fox Factory from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 22nd.
FOXF stock opened at $87.21 on Monday. The company has a quick ratio of 2.97, a current ratio of 4.23 and a debt-to-equity ratio of 0.63. Fox Factory has a 52-week low of $34.58 and a 52-week high of $113.41. The stock’s 50 day moving average is $82.94 and its two-hundred day moving average is $75.73. The company has a market capitalization of $3.61 billion, a PE ratio of 46.89, a P/E/G ratio of 2.45 and a beta of 1.93.
Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.22. Fox Factory had a return on equity of 20.91% and a net margin of 9.53%. The business had revenue of $183.10 million during the quarter, compared to the consensus estimate of $157.07 million. As a group, sell-side analysts anticipate that Fox Factory will post 2.57 EPS for the current year.
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In other Fox Factory news, Director Larry L. Enterline sold 36,485 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $106.92, for a total transaction of $3,900,976.20. Following the completion of the transaction, the director now owns 12,917 shares in the company, valued at approximately $1,381,085.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Tutton sold 1,128 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $109.00, for a total value of $122,952.00. Following the transaction, the insider now owns 25,734 shares of the company’s stock, valued at approximately $2,805,006. The disclosure for this sale can be found here. Insiders have sold a total of 110,388 shares of company stock valued at $11,812,677 in the last 90 days. Insiders own 1.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Chatham Capital Group Inc. boosted its position in Fox Factory by 0.6% during the 2nd quarter. Chatham Capital Group Inc. now owns 31,589 shares of the company’s stock worth $2,610,000 after acquiring an additional 195 shares during the period. D. B. Root & Company LLC boosted its position in Fox Factory by 7.1% during the 2nd quarter. D. B. Root & Company LLC now owns 6,775 shares of the company’s stock worth $559,000 after acquiring an additional 450 shares during the period. Envestnet Asset Management Inc. boosted its position in Fox Factory by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,851 shares of the company’s stock worth $2,466,000 after acquiring an additional 497 shares during the period. Squar Milner Financial Services LLC boosted its position in Fox Factory by 14.4% during the 2nd quarter. Squar Milner Financial Services LLC now owns 4,423 shares of the company’s stock worth $365,000 after acquiring an additional 558 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in shares of Fox Factory by 1.6% in the second quarter. New York State Teachers Retirement System now owns 56,231 shares of the company’s stock valued at $4,645,000 after buying an additional 873 shares during the period.
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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