Equities analysts forecast that Fox Factory Holding Corp. (NASDAQ:FOXF) will announce sales of $116.57 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Fox Factory Holding Corp.’s earnings, with estimates ranging from $115.90 million to $117.54 million. Fox Factory Holding Corp. posted sales of $109.01 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The company is expected to report its next earnings results on Wednesday, November 1st.

On average, analysts expect that Fox Factory Holding Corp. will report full year sales of $116.57 million for the current financial year, with estimates ranging from $450.00 million to $455.25 million. For the next year, analysts expect that the firm will post sales of $488.34 million per share, with estimates ranging from $474.30 million to $494.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Fox Factory Holding Corp..

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.16 million. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. Fox Factory Holding Corp.’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS.

A number of equities research analysts have issued reports on FOXF shares. DA Davidson reiterated a “hold” rating and issued a $34.00 target price on shares of Fox Factory Holding Corp. in a research note on Friday, June 30th. Zacks Investment Research upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Friday, May 5th. BidaskClub upgraded Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. ValuEngine upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, CL King cut Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, June 1st. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $33.17.

In related news, insider Thomas Michael Wittenschlaeger sold 2,718 shares of Fox Factory Holding Corp. stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $31.85, for a total transaction of $86,568.30. Following the sale, the insider now directly owns 41,402 shares in the company, valued at $1,318,653.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Larry L. Enterline sold 85,799 shares of Fox Factory Holding Corp. 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 owns 166,567 shares in the company, valued at $5,408,430.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 176,170 shares of company stock worth $5,754,181. Company insiders own 21.40% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Swiss National Bank boosted its stake in shares of Fox Factory Holding Corp. by 18.6% in the first quarter. Swiss National Bank now owns 57,500 shares of the company’s stock valued at $1,650,000 after buying an additional 9,000 shares during the period. Bank of Montreal Can boosted its stake in shares of Fox Factory Holding Corp. by 2.9% in the first quarter. Bank of Montreal Can now owns 8,510 shares of the company’s stock valued at $244,000 after buying an additional 242 shares during the period. Stifel Financial Corp boosted its stake in shares of Fox Factory Holding Corp. by 64.1% in the first quarter. Stifel Financial Corp now owns 35,666 shares of the company’s stock valued at $1,029,000 after buying an additional 13,929 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Fox Factory Holding Corp. by 141.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 37,408 shares of the company’s stock valued at $1,074,000 after buying an additional 21,914 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Fox Factory Holding Corp. during the first quarter valued at approximately $5,364,000. Hedge funds and other institutional investors own 97.09% of the company’s stock.

Fox Factory Holding Corp. (NASDAQ:FOXF) opened at 38.90 on Monday. The firm’s 50-day moving average is $35.64 and its 200-day moving average is $30.60. Fox Factory Holding Corp. has a 12 month low of $18.09 and a 12 month high of $39.22. The stock has a market cap of $1.45 billion, a P/E ratio of 34.73 and a beta of 0.69.

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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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Earnings History and Estimates for Fox Factory Holding Corp. (NASDAQ:FOXF)

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