Fox Factory Holding Corp. (FOXF) Sets New 52-Week High at $22.37
Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $22.37 and last traded at $21.86, with a volume of 1,661,165 shares changing hands. The stock had previously closed at $20.45.
A number of analysts have recently issued reports on the stock. DA Davidson lifted their price objective on shares of Fox Factory Holding Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, August 5th. SunTrust Banks Inc. lifted their price objective on shares of Fox Factory Holding Corp. from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $23.00 price objective (up previously from $21.00) on shares of Fox Factory Holding Corp. in a research note on Thursday, August 4th. Six research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $23.00.
The company has a market capitalization of $800.27 million, a price-to-earnings ratio of 27.994 and a beta of 0.58. The stock has a 50 day moving average price of $19.94 and a 200 day moving average price of $17.80.
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Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its earnings results on Wednesday, August 3rd. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $102.30 million for the quarter, compared to the consensus estimate of $98.53 million. Fox Factory Holding Corp. had a return on equity of 27.62% and a net margin of 7.70%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. Equities research analysts expect that Fox Factory Holding Corp. will post $1.15 EPS for the current year.
In related news, CFO Zvi Glasman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $20.12, for a total value of $603,600.00. Following the completion of the sale, the chief financial officer now owns 62,021 shares of the company’s stock, valued at approximately $1,247,862.52. The sale was disclosed in a document filed with the SEC, which is available at this link. 46.20% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in FOXF. BlackRock Group LTD boosted its stake in shares of Fox Factory Holding Corp. by 68.9% in the second quarter. BlackRock Group LTD now owns 7,461 shares of the company’s stock valued at $130,000 after buying an additional 3,044 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Fox Factory Holding Corp. during the second quarter valued at approximately $147,000. BlackRock Advisors LLC boosted its stake in shares of Fox Factory Holding Corp. by 97.5% in the second quarter. BlackRock Advisors LLC now owns 9,457 shares of the company’s stock valued at $164,000 after buying an additional 4,669 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Fox Factory Holding Corp. during the second quarter valued at approximately $195,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Fox Factory Holding Corp. by 19.7% in the first quarter. Goldman Sachs Group Inc. now owns 12,208 shares of the company’s stock valued at $193,000 after buying an additional 2,010 shares during the last quarter. 57.23% of the stock is owned by institutional investors and hedge funds.
Fox Factory Holding Corp. Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures and markets performance ride dynamics products for customers across the world. The Company’s brand ride dynamics products are used primarily on bicycles (bikes), side-by-side vehicles (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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