Fox Factory Holding Corp. (NASDAQ:FOXF) – SunTrust Banks upped their FY2017 EPS estimates for Fox Factory Holding Corp. in a note issued to investors on Thursday. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings of $1.50 per share for the year, up from their previous estimate of $1.44. SunTrust Banks also issued estimates for Fox Factory Holding Corp.’s FY2018 earnings at $1.67 EPS.

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

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A number of other research firms have also weighed in on FOXF. Bank of America Corporation lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a report on Wednesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Thursday, July 13th. BidaskClub upgraded Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 29th. DA Davidson restated a “hold” rating and issued a $34.00 target price on shares of Fox Factory Holding Corp. in a report on Friday, June 30th. Finally, CL King lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 1st. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Fox Factory Holding Corp. presently has a consensus rating of “Buy” and an average target price of $33.17.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) opened at 38.90 on Monday. The stock’s 50 day moving average price is $35.64 and its 200-day moving average price is $30.60. The company has a market cap of $1.45 billion, a PE ratio of 34.73 and a beta of 0.69. Fox Factory Holding Corp. has a 52 week low of $18.09 and a 52 week high of $39.22.

Hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its stake in shares of Fox Factory Holding Corp. by 13.1% in the first quarter. US Bancorp DE now owns 82,556 shares of the company’s stock valued at $2,369,000 after buying an additional 9,563 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Fox Factory Holding Corp. by 39.1% in the first quarter. Great West Life Assurance Co. Can now owns 47,983 shares of the company’s stock valued at $1,374,000 after buying an additional 13,481 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Fox Factory Holding Corp. by 4.9% in the first quarter. Wells Fargo & Company MN now owns 1,479,874 shares of the company’s stock valued at $42,473,000 after buying an additional 69,635 shares during the last quarter. BB&T Corp raised its stake in shares of Fox Factory Holding Corp. by 4.6% in the first quarter. BB&T Corp now owns 10,260 shares of the company’s stock valued at $294,000 after buying an additional 455 shares during the last quarter. Finally, Wesbanco Bank Inc. raised its stake in shares of Fox Factory Holding Corp. by 15.7% in the first quarter. Wesbanco Bank Inc. now owns 9,600 shares of the company’s stock valued at $276,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 97.09% of the company’s stock.

In other Fox Factory Holding Corp. news, SVP William H. Katherman sold 11,878 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $33.01, for a total value of $392,092.78. Following the sale, the senior vice president now directly owns 18,000 shares in the company, valued at $594,180. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Larry L. Enterline sold 85,799 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $32.47, for a total value of $2,785,893.53. Following the completion of 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. Insiders have sold 176,170 shares of company stock worth $5,754,181 over the last quarter. 21.40% of the stock is currently owned by corporate insiders.

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.

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

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