A number of other research analysts have also issued reports on FOXF. Zacks Investment Research lowered Fox Factory Holding Corp. from a buy rating to a hold rating in a research report on Tuesday, July 4th. Bank of America Corporation lowered Fox Factory Holding Corp. from a buy rating to a neutral rating and set a $38.00 price objective on the stock. in a report on Wednesday, July 12th. They noted that the move was a valuation call. ValuEngine upgraded Fox Factory Holding Corp. from a hold rating to a buy rating in a report on Friday, September 1st. Robert W. Baird restated a hold rating and issued a $40.00 price objective on shares of Fox Factory Holding Corp. in a report on Thursday, September 28th. Finally, William Blair lowered Fox Factory Holding Corp. from an outperform rating to a market perform rating in a report on Friday, October 13th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $39.29.
Fox Factory Holding Corp. (NASDAQ FOXF) traded down $0.35 during trading on Wednesday, reaching $38.55. The company’s stock had a trading volume of 360,300 shares, compared to its average volume of 319,482. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. Fox Factory Holding Corp. has a 1-year low of $21.00 and a 1-year high of $46.80. The stock has a market cap of $1,460.39, a price-to-earnings ratio of 25.59, a PEG ratio of 1.84 and a beta of 0.68.
Fox Factory Holding Corp. (NASDAQ:FOXF) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Fox Factory Holding Corp. had a return on equity of 28.25% and a net margin of 10.76%. The business had revenue of $127.40 million for the quarter, compared to analyst estimates of $123.02 million. During the same quarter in the prior year, the firm posted $0.44 EPS. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. sell-side analysts forecast that Fox Factory Holding Corp. will post 1.53 earnings per share for the current fiscal year.
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In related news, CFO Zvi Glasman sold 7,150 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $37.72, for a total transaction of $269,698.00. Following the completion of the sale, the chief financial officer now directly owns 69,185 shares of the company’s stock, valued at approximately $2,609,658.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William H. Katherman sold 18,580 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total value of $780,545.80. The disclosure for this sale can be found here. Insiders sold a total of 49,680 shares of company stock valued at $1,953,127 over the last ninety days. Corporate insiders own 21.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC grew its position in Fox Factory Holding Corp. by 11.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,613,788 shares of the company’s stock valued at $285,055,000 after acquiring an additional 686,881 shares in the last quarter. BlackRock Inc. grew its position in Fox Factory Holding Corp. by 15.2% in the 2nd quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock valued at $144,512,000 after acquiring an additional 536,712 shares in the last quarter. Vanguard Group Inc. grew its position in Fox Factory Holding Corp. by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock valued at $64,377,000 after acquiring an additional 129,129 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in Fox Factory Holding Corp. by 6.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,577,516 shares of the company’s stock valued at $56,160,000 after acquiring an additional 93,655 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Fox Factory Holding Corp. by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,789 shares of the company’s stock valued at $46,129,000 after buying an additional 5,135 shares during the period. 96.57% of the stock is owned by institutional investors.
Fox Factory Holding Corp. Company Profile
Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.
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