Several other research firms have also recently commented on FOXF. Zacks Investment Research cut Fox Factory Holding Corp. from a buy rating to a hold rating in a research report on Friday, October 20th. SunTrust Banks, Inc. reiterated a hold rating and issued a $36.00 price objective on shares of Fox Factory Holding Corp. in a report on Friday, October 20th. William Blair cut Fox Factory Holding Corp. from an outperform rating to a market perform rating in a report on Friday, October 13th. ValuEngine cut Fox Factory Holding Corp. from a buy rating to a hold rating in a report on Monday, October 2nd. Finally, Robert W. Baird reiterated a hold rating and issued a $40.00 price objective on shares of Fox Factory Holding Corp. in a report on Thursday, September 28th. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $39.29.
Fox Factory Holding Corp. (NASDAQ:FOXF) traded up $0.05 during trading on Wednesday, reaching $40.28. The company had a trading volume of 403,567 shares, compared to its average volume of 349,790. Fox Factory Holding Corp. has a twelve month low of $19.90 and a twelve month high of $46.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.27 and a current ratio of 2.48. The stock has a market capitalization of $1,510.00, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.84 and a beta of 0.69.
Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $123.02 million. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. equities research analysts predict that Fox Factory Holding Corp. will post 1.53 EPS for the current year.
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In related news, SVP William H. Katherman sold 2,356 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $36.95, for a total transaction of $87,054.20. Following the completion of the sale, the senior vice president now directly owns 32,750 shares in the company, valued at approximately $1,210,112.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zvi Glasman sold 10,200 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.34, for a total value of $401,268.00. Following the sale, the chief financial officer now owns 82,325 shares of the company’s stock, valued at $3,238,665.50. The disclosure for this sale can be found here. Insiders sold a total of 70,739 shares of company stock valued at $2,766,288 over the last quarter. Company insiders own 21.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of FOXF. Parametric Portfolio Associates LLC purchased a new stake in Fox Factory Holding Corp. during the 1st quarter valued at about $245,000. Prudential Financial Inc. boosted its holdings in Fox Factory Holding Corp. by 20.4% during the 1st quarter. Prudential Financial Inc. now owns 57,780 shares of the company’s stock valued at $1,658,000 after acquiring an additional 9,780 shares during the period. Victory Capital Management Inc. boosted its holdings in Fox Factory Holding Corp. by 11.3% during the 1st quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock valued at $144,000 after acquiring an additional 509 shares during the period. OppenheimerFunds Inc. boosted its holdings in Fox Factory Holding Corp. by 23.8% during the 1st quarter. OppenheimerFunds Inc. now owns 11,373 shares of the company’s stock valued at $326,000 after acquiring an additional 2,187 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Fox Factory Holding Corp. by 23.2% during the 1st quarter. Principal Financial Group Inc. now owns 274,355 shares of the company’s stock valued at $7,874,000 after acquiring an additional 51,587 shares during the period. Institutional investors own 96.64% of the company’s stock.
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.
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