Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have received an average rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $35.67.

A number of research firms have commented 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 objective on the stock. 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 lowered Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $38.00 price target (up previously from $32.00) on shares of Fox Factory Holding Corp. in a research note on Wednesday, August 9th.

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In related news, Director Carl Nichols sold 6,503 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $37.89, for a total value of $246,398.67. Following the completion of the sale, the director now owns 36,410 shares in the company, valued at $1,379,574.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Michael Wittenschlaeger sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.22, for a total value of $78,440.00. Following the completion of the sale, the insider now owns 61,162 shares of the company’s stock, valued at approximately $2,398,773.64. The disclosure for this sale can be found here. Insiders have sold 52,159 shares of company stock worth $1,985,742 in the last ninety days. 21.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Fox Factory Holding Corp. by 7.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,926,907 shares of the company’s stock valued at $210,998,000 after purchasing an additional 404,704 shares during the last quarter. BlackRock Inc. increased its holdings in Fox Factory Holding Corp. by 15.2% in the second quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock valued at $144,512,000 after purchasing an additional 536,712 shares during the last quarter. Vanguard Group Inc. increased its holdings in Fox Factory Holding Corp. by 7.7% in the second quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock valued at $64,377,000 after purchasing an additional 129,129 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in Fox Factory Holding Corp. by 6.3% in the second quarter. Conestoga Capital Advisors LLC now owns 1,577,516 shares of the company’s stock valued at $56,160,000 after purchasing an additional 93,655 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Fox Factory Holding Corp. by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,295,789 shares of the company’s stock valued at $46,129,000 after purchasing an additional 5,135 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) opened at 41.90 on Wednesday. The company has a market capitalization of $1.57 billion, a PE ratio of 33.52 and a beta of 0.68. The company’s 50 day moving average is $39.02 and its 200-day moving average is $33.57. Fox Factory Holding Corp. has a 52 week low of $19.65 and a 52 week high of $42.20.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $120.80 million for the quarter, compared to analyst estimates of $117.16 million. Fox Factory Holding Corp. had a return on equity of 29.60% and a net margin of 10.67%. The business’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, analysts expect that Fox Factory Holding Corp. will post $1.50 EPS for the current fiscal year.

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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