Jefferies Group Analysts Give Fox Factory Holding Corp. (FOXF) a $26.00 Price Target
Fox Factory Holding Corp. (NASDAQ:FOXF) received a $26.00 price target from investment analysts at Jefferies Group in a research note issued to investors on Thursday. The firm currently has a a “buy” rating on the stock. Jefferies Group’s target price would indicate a potential upside of 15.45% from the company’s previous close.
FOXF has been the subject of several other reports. DA Davidson boosted their price objective on Fox Factory Holding Corp. from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Zacks Investment Research downgraded Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. SunTrust Banks Inc. upped their target price on Fox Factory Holding Corp. from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $23.00 target price (up from $21.00) on shares of Fox Factory Holding Corp. in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Fox Factory Holding Corp. presently has a consensus rating of “Buy” and an average price target of $23.60.
Fox Factory Holding Corp. (NASDAQ:FOXF) traded down 0.09% during midday trading on Thursday, hitting $22.50. The stock had a trading volume of 89,470 shares. Fox Factory Holding Corp. has a one year low of $13.85 and a one year high of $23.52. The stock has a market cap of $824.65 million, a PE ratio of 28.85 and a beta of 0.55. The firm has a 50 day moving average price of $21.50 and a 200 day moving average price of $18.46.
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Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business earned $102.30 million during 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 business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Equities analysts expect that Fox Factory Holding Corp. will post $1.15 EPS for the current year.
In other Fox Factory Holding Corp. news, CFO Zvi Glasman sold 30,000 shares of the company’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 directly owns 62,021 shares in the company, valued at $1,247,862.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning bought a new position in Fox Factory Holding Corp. during the third quarter valued at about $114,000. BlackRock Group LTD boosted its position in 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 in the last quarter. Bank of Montreal Can bought a new position in Fox Factory Holding Corp. during the second quarter valued at about $147,000. BlackRock Advisors LLC boosted its position in 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 in the last quarter. Finally, Alliancebernstein L.P. bought a new position in Fox Factory Holding Corp. during the second quarter valued at about $195,000. 57.23% of the stock is currently owned by institutional investors.
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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