Fox Factory Holding Corp (NASDAQ:FOXF) CEO Larry L. Enterline sold 177,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $63.98, for a total value of $11,324,460.00. Following the completion of the sale, the chief executive officer now owns 95,335 shares of the company’s stock, valued at $6,099,533.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
FOXF traded down $0.17 during mid-day trading on Thursday, hitting $63.35. 157,400 shares of the stock were exchanged, compared to its average volume of 276,225. The company has a current ratio of 2.10, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. Fox Factory Holding Corp has a 1-year low of $33.20 and a 1-year high of $76.77. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.41 and a beta of 1.08.
Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. Fox Factory had a return on equity of 29.77% and a net margin of 11.43%. The business had revenue of $156.81 million during the quarter, compared to analysts’ expectations of $156.79 million. During the same period last year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, research analysts forecast that Fox Factory Holding Corp will post 2.52 earnings per share for the current year.
Several equities research analysts recently weighed in on FOXF shares. Bank of America cut shares of Fox Factory from a “buy” rating to a “neutral” rating in a research note on Friday, November 23rd. They noted that the move was a valuation call. BidaskClub downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Friday, January 25th. ValuEngine upgraded shares of Fox Factory from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 13th. Finally, Zacks Investment Research lowered shares of Fox Factory from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 24th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Fox Factory has a consensus rating of “Buy” and an average price target of $63.83.
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About Fox Factory
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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