William Blair Weighs in on Fox Factory Holding Corp.’s Q3 2017 Earnings (NASDAQ:FOXF)

Fox Factory Holding Corp. (NASDAQ:FOXF) – Investment analysts at William Blair raised their Q3 2017 EPS estimates for Fox Factory Holding Corp. in a report issued on Thursday. William Blair analyst J. Andersen now forecasts that the company will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.39. William Blair also issued estimates for Fox Factory Holding Corp.’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.46 EPS and FY2018 earnings at $1.58 EPS.

Fox Factory Holding Corp. (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The firm had revenue of $120.80 million for the quarter, compared to the consensus estimate of $117.16 million. Fox Factory Holding Corp. had a return on equity of 29.60% and a net margin of 10.67%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. COPYRIGHT VIOLATION NOTICE: “William Blair Weighs in on Fox Factory Holding Corp.’s Q3 2017 Earnings (NASDAQ:FOXF)” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.com-unik.info/2017/08/19/william-blair-weighs-in-on-fox-factory-holding-corp-s-q3-2017-earnings-nasdaqfoxf-updated.html.

A number of other research firms have also weighed in on FOXF. Zacks Investment Research lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub raised shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. CL King lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. Bank of America Corporation lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.17.

Fox Factory Holding Corp. (NASDAQ:FOXF) opened at 39.00 on Monday. The stock has a 50 day moving average price of $36.11 and a 200 day moving average price of $30.76. Fox Factory Holding Corp. has a 12-month low of $18.09 and a 12-month high of $39.60. The stock has a market cap of $1.45 billion, a P/E ratio of 34.82 and a beta of 0.69.

In other news, CEO Larry L. Enterline sold 85,799 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $32.47, for a total transaction of $2,785,893.53. Following the transaction, the chief executive officer now directly owns 166,567 shares of the company’s stock, valued at $5,408,430.49. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Wesley E. Allinger sold 17,418 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $32.88, for a total transaction of $572,703.84. Following the transaction, the insider now directly owns 29,419 shares in the company, valued at $967,296.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,452 shares of company stock worth $5,475,673. Corporate insiders own 21.40% of the company’s stock.

Several institutional investors have recently modified their holdings of FOXF. Swiss National Bank raised its position in shares of Fox Factory Holding Corp. by 18.6% in the first quarter. Swiss National Bank now owns 57,500 shares of the company’s stock worth $1,650,000 after buying an additional 9,000 shares during the period. Bank of Montreal Can raised its position in shares of Fox Factory Holding Corp. by 2.9% in the first quarter. Bank of Montreal Can now owns 8,510 shares of the company’s stock worth $244,000 after buying an additional 242 shares during the period. Stifel Financial Corp raised its position in shares of Fox Factory Holding Corp. by 64.1% in the first quarter. Stifel Financial Corp now owns 35,666 shares of the company’s stock worth $1,029,000 after buying an additional 13,929 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Fox Factory Holding Corp. by 141.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 37,408 shares of the company’s stock worth $1,074,000 after buying an additional 21,914 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in shares of Fox Factory Holding Corp. during the first quarter worth approximately $5,364,000. 97.09% of the stock is currently owned by institutional investors and hedge funds.

About Fox Factory Holding Corp.

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.

Earnings History and Estimates for Fox Factory Holding Corp. (NASDAQ:FOXF)

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