Fox Factory Holding Corp. (NASDAQ:FOXF) – Stock analysts at William Blair upped their Q3 2017 earnings per share (EPS) estimates for Fox Factory Holding Corp. in a report released on Thursday. William Blair analyst J. Andersen now expects that the company will post earnings of $0.42 per share for the quarter, up from their prior forecast of $0.39. William Blair also issued estimates for Fox Factory Holding Corp.’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.46 EPS and FY2018 earnings at $1.58 EPS.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $120.80 million for the quarter, compared to the consensus estimate of $117.16 million. During the same period in the previous year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year.

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A number of other equities analysts have also issued reports on FOXF. Bank of America Corporation lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Wednesday, July 12th. They noted that the move was a valuation call. DA Davidson reaffirmed a “hold” rating and set a $34.00 price target on shares of Fox Factory Holding Corp. in a research note on Friday, June 30th. ValuEngine raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Friday, May 5th. Finally, CL King lowered 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 given a strong buy rating to the company’s stock. The company has an average 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 has a market capitalization of $1.45 billion, a P/E ratio of 34.73 and a beta of 0.69. The company has a 50 day moving average price of $35.64 and a 200-day moving average price of $30.60. Fox Factory Holding Corp. has a 1-year low of $18.09 and a 1-year high of $39.22.

A number of institutional investors have recently modified their holdings of FOXF. SG Americas Securities LLC bought a new stake in Fox Factory Holding Corp. during the second quarter valued at $111,000. LS Investment Advisors LLC raised 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 in the last quarter. State of Alaska Department of Revenue raised 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 in the last quarter. Victory Capital Management Inc. raised 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 in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Fox Factory Holding Corp. during the second quarter valued at $196,000. 97.09% of the stock is owned by hedge funds and other institutional investors.

In other Fox Factory Holding Corp. news, insider Wesley E. Allinger sold 17,418 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $32.88, for a total transaction of $572,703.84. Following the completion of the transaction, the insider now directly owns 29,419 shares of the company’s stock, valued at approximately $967,296.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Zvi Glasman sold 6,000 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $31.99, for a total value of $191,940.00. Following the transaction, the chief financial officer now directly owns 62,100 shares of the company’s stock, valued at $1,986,579. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,170 shares of company stock valued at $5,754,181. 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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