Fox Factory Holding Corp. (NASDAQ:FOXF) has been given an average rating of “Buy” by the nine ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $28.60.

FOXF has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, April 26th. DA Davidson downgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Wednesday, May 17th. CL King downgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 1st. ValuEngine raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 29th.

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Fox Factory Holding Corp. (NASDAQ FOXF) opened at 35.30 on Friday. Fox Factory Holding Corp. has a 12 month low of $16.92 and a 12 month high of $36.05. The stock has a 50 day moving average of $32.94 and a 200 day moving average of $29.01. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 31.52 and a beta of 0.67.

Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.08. The company had revenue of $106.33 million for the quarter, compared to the consensus estimate of $97.31 million. Fox Factory Holding Corp. had a net margin of 10.01% and a return on equity of 30.07%. Equities analysts anticipate that Fox Factory Holding Corp. will post $1.44 EPS for the current fiscal year.

In other Fox Factory Holding Corp. news, CEO Larry L. Enterline sold 85,799 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $32.47, for a total transaction of $2,785,893.53. Following the sale, the chief executive officer now directly owns 166,567 shares of the company’s stock, valued at $5,408,430.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Zvi Glasman sold 40,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $31.67, for a total transaction of $1,266,800.00. Following the sale, the chief financial officer now directly owns 62,100 shares in the company, valued at $1,966,707. The disclosure for this sale can be found here. Insiders sold a total of 216,170 shares of company stock worth $7,020,981 over the last three months. 21.40% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in FOXF. LS Investment Advisors LLC increased its stake in Fox Factory Holding Corp. by 261.7% in the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock valued at $107,000 after buying an additional 2,685 shares during the period. State of Alaska Department of Revenue increased its stake in Fox Factory Holding Corp. by 22.8% in the first quarter. State of Alaska Department of Revenue now owns 3,830 shares of the company’s stock valued at $109,000 after buying an additional 710 shares during the period. Victory Capital Management Inc. increased its stake in Fox Factory Holding Corp. by 11.3% in the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock valued at $144,000 after buying an additional 509 shares during the period. BNP Paribas Arbitrage SA increased its stake in Fox Factory Holding Corp. by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,847 shares of the company’s stock valued at $197,000 after buying an additional 955 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Fox Factory Holding Corp. during the first quarter valued at approximately $211,000. 95.71% of the stock is currently owned by institutional investors and hedge funds.

Fox Factory Holding Corp. 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.

Analyst Recommendations for Fox Factory Holding Corp. (NASDAQ:FOXF)

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