Zacks Investment Research lowered shares of Fox Factory Holding Corp. (NASDAQ:FOXF) from a buy rating to a hold rating in a research report sent to investors on Friday, November 3rd.
According to Zacks, “Fox Factory Holding Corp. is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles, off-road vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. Fox Factory Holding Corp. is headquartered in California. “
FOXF has been the subject of several other research reports. ValuEngine raised Fox Factory Holding Corp. from a hold rating to a buy rating in a report on Friday, September 1st. Stifel Nicolaus restated a hold rating on shares of Fox Factory Holding Corp. in a research note on Wednesday, November 1st. Bank of America Corporation raised their target price on Fox Factory Holding Corp. from $42.00 to $45.00 and gave the stock a neutral rating in a research note on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a hold rating and set a $36.00 price target on shares of Fox Factory Holding Corp. in a research report on Friday, October 20th. Finally, William Blair downgraded Fox Factory Holding Corp. from an outperform rating to a market perform rating in a research report on Friday, October 13th. Nine 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 stock. The company currently has a consensus rating of Hold and an average price target of $39.29.
Fox Factory Holding Corp. (FOXF) opened at $37.65 on Friday. Fox Factory Holding Corp. has a twelve month low of $21.00 and a twelve month high of $46.80. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1,447.25, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 1.82 and a beta of 0.68.
Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $127.40 million for the quarter, compared to analysts’ expectations of $123.02 million. Fox Factory Holding Corp. had a return on equity of 28.25% and a net margin of 10.76%. Fox Factory Holding Corp.’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.53 earnings per share for the current fiscal year.
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In other Fox Factory Holding Corp. news, SVP William H. Katherman sold 18,580 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total transaction of $780,545.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zvi Glasman sold 7,850 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $37.81, for a total value of $296,808.50. Following the completion of the sale, the chief financial officer now directly owns 59,100 shares of the company’s stock, valued at approximately $2,234,571. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,930 shares of company stock worth $1,660,929. Company insiders own 21.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Fox Factory Holding Corp. by 125,617.7% during the first quarter. BlackRock Inc. now owns 3,522,611 shares of the company’s stock worth $101,099,000 after purchasing an additional 3,519,809 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Fox Factory Holding Corp. by 187.3% during the third quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock worth $49,330,000 after purchasing an additional 746,191 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Fox Factory Holding Corp. by 11.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,613,788 shares of the company’s stock worth $285,055,000 after purchasing an additional 686,881 shares in the last quarter. Mawer Investment Management Ltd. acquired a new position in Fox Factory Holding Corp. during the third quarter worth $24,843,000. Finally, Peregrine Capital Management LLC acquired a new position in Fox Factory Holding Corp. during the second quarter worth $19,214,000. Institutional investors own 98.43% 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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