Fox Factory (FOXF) Earns Coverage Optimism Rating of 0.15

Headlines about Fox Factory (NASDAQ:FOXF) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fox Factory earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.2236475274449 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several brokerages recently issued reports on FOXF. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. SunTrust Banks reissued a “hold” rating and set a $36.00 target price on shares of Fox Factory in a research note on Friday, October 20th. William Blair downgraded Fox Factory from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. ValuEngine downgraded Fox Factory from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird reissued a “hold” rating and set a $40.00 target price on shares of Fox Factory in a research note on Thursday, September 28th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $39.29.

Shares of Fox Factory (NASDAQ FOXF) opened at $39.30 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.48 and a debt-to-equity ratio of 0.26. Fox Factory has a 12 month low of $25.25 and a 12 month high of $46.80. The stock has a market capitalization of $1,480.00, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.63.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The business had revenue of $127.40 million for the quarter, compared to the consensus estimate of $123.02 million. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. sell-side analysts expect that Fox Factory will post 1.53 earnings per share for the current year.

In other Fox Factory news, CFO Zvi Glasman sold 10,000 shares of Fox Factory stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.37, for a total value of $393,700.00. Following the sale, the chief financial officer now owns 160,331 shares of the company’s stock, valued at approximately $6,312,231.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Larry L. Enterline sold 75,000 shares of Fox Factory stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $38.08, for a total value of $2,856,000.00. Following the completion of the sale, the chief executive officer now directly owns 124,934 shares in the company, valued at approximately $4,757,486.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,000 shares of company stock worth $3,845,500. Corporate insiders own 21.40% of the company’s stock.

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Fox Factory Company Profile

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.

Insider Buying and Selling by Quarter for Fox Factory (NASDAQ:FOXF)

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