Fox Factory Holding Corp (NASDAQ:FOXF) Given Consensus Rating of “Hold” by Analysts

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Fox Factory Holding Corp (NASDAQ:FOXF) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $76.67.

Several research firms recently commented on FOXF. Zacks Investment Research downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. BidaskClub upgraded shares of Fox Factory from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 27th. SunTrust Banks raised their target price on shares of Fox Factory to $68.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, ValuEngine lowered Fox Factory from a “buy” rating to a “hold” rating in a report on Thursday, September 19th.

In other news, Director Larry L. Enterline sold 39,407 shares of Fox Factory stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $66.81, for a total value of $2,632,781.67. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Zvi Glasman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $67.68, for a total transaction of $338,400.00. Following the transaction, the chief financial officer now owns 20,284 shares of the company’s stock, valued at approximately $1,372,821.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,201 shares of company stock worth $8,218,378. Insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new stake in shares of Fox Factory during the 2nd quarter worth about $60,000. Squar Milner Financial Services LLC raised its stake in Fox Factory by 914.4% in the 3rd quarter. Squar Milner Financial Services LLC now owns 913 shares of the company’s stock valued at $56,000 after purchasing an additional 823 shares during the last quarter. Convergence Investment Partners LLC purchased a new position in Fox Factory in the 2nd quarter valued at $145,000. Cim LLC purchased a new position in Fox Factory in the 2nd quarter valued at $217,000. Finally, Marco Investment Management LLC acquired a new stake in Fox Factory during the 2nd quarter worth $219,000. Institutional investors own 99.71% of the company’s stock.

Shares of NASDAQ FOXF traded up $2.62 during midday trading on Friday, hitting $66.77. The company’s stock had a trading volume of 9,688 shares, compared to its average volume of 152,333. The company has a current ratio of 2.92, a quick ratio of 1.64 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $64.05 and its two-hundred day moving average is $70.54. Fox Factory has a 12-month low of $52.58 and a 12-month high of $86.91. The firm has a market cap of $2.54 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.38.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.04. Fox Factory had a return on equity of 29.00% and a net margin of 12.56%. The company had revenue of $211.32 million during the quarter, compared to analysts’ expectations of $205.90 million. During the same quarter in the previous year, the business earned $0.72 EPS. Fox Factory’s revenue was up 20.2% compared to the same quarter last year. On average, analysts predict that Fox Factory will post 2.68 earnings per share for the current fiscal year.

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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