Fox Factory Holding Corp (NASDAQ:FOXF) Receives $76.67 Consensus PT from Brokerages

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Shares of Fox Factory Holding Corp (NASDAQ:FOXF) have received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $76.67.

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

Fox Factory stock opened at $65.93 on Friday. 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 fifty day simple moving average is $63.87 and its two-hundred day simple moving average is $70.69. Fox Factory has a 12 month low of $52.58 and a 12 month high of $86.91. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 1.49 and a beta of 1.38.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Wednesday, October 30th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $211.32 million for the quarter, compared to the consensus estimate of $205.90 million. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities research analysts predict that Fox Factory will post 2.68 EPS for the current year.

In other news, Director Larry L. Enterline sold 42,794 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $64.00, for a total value of $2,738,816.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Zvi Glasman sold 5,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $67.68, for a total value of $338,400.00. Following the completion of 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. Insiders sold 124,201 shares of company stock valued at $8,218,378 in the last 90 days. Company insiders own 2.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FOXF. Squar Milner Financial Services LLC increased its position in Fox Factory by 914.4% during the third quarter. Squar Milner Financial Services LLC now owns 913 shares of the company’s stock valued at $56,000 after acquiring an additional 823 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Fox Factory in the second quarter worth about $60,000. Convergence Investment Partners LLC purchased a new stake in Fox Factory in the second quarter worth about $145,000. Cim LLC purchased a new stake in Fox Factory in the second quarter worth about $217,000. Finally, Marco Investment Management LLC purchased a new stake in Fox Factory in the second quarter worth about $219,000. Institutional investors own 99.71% of the company’s stock.

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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