Insider Selling: Fox Factory Holding Corp Insider Sells 11,441 Shares of Stock (FOXF)
Fox Factory Holding Corp (NASDAQ:FOXF) Insider Mario Galasso unloaded 11,441 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $17.94, for a total transaction of $205,251.54. Following the completion of the sale, the insider now directly owns 601,803 shares in the company, valued at approximately $10,796,346. The transaction was disclosed in a document filed with the SEC, which is available at this link.
FOXF has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Fox Factory Holding Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $19.40 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Fox Factory Holding Corp currently has a consensus rating of “Buy” and a consensus price target of $21.13.
Shares of Fox Factory Holding Corp (NASDAQ:FOXF) remained flat at $17.95 during during mid-day trading trading on Wednesday. 29,451 shares of the company’s stock traded hands. Fox Factory Holding Corp has a 52 week low of $14.33 and a 52 week high of $20.75. The stock has a 50-day moving average of $17.29 and a 200-day moving average of $17.20. The company has a market cap of $657.1 million and a price-to-earnings ratio of 27.49.
Fox Factory Holding Corp (NASDAQ:FOXF) last released its earnings data on Wednesday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $56.10 million for the quarter, compared to the consensus estimate of $55.97 million. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Fox Factory Holding Corp will post $0.92 earnings per share for the current fiscal year.
Fox Factory Holding Corp is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, or side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (NASDAQ:FOXF), snowmobiles, specialty vehicles and applications, and motorcycles.
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