Fox Factory Holding Corp. (NASDAQ:FOXF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Fox Factory Holding Corp. is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles, off-road vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. Fox Factory Holding Corp. is headquartered in California. “

FOXF has been the subject of several other reports. ValuEngine raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $36.00 target price on shares of Fox Factory Holding Corp. in a report on Friday, October 20th. William Blair cut shares of Fox Factory Holding Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. Bank of America Corporation upped their target price on shares of Fox Factory Holding Corp. from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, October 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Fox Factory Holding Corp. in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $39.29.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) traded down $2.33 during trading on Friday, reaching $40.23. 774,053 shares of the company’s stock traded hands, compared to its average volume of 295,184. The firm has a market capitalization of $1.51 billion, a PE ratio of 26.46, a PEG ratio of 1.84 and a beta of 0.68. The company has a quick ratio of 1.27, a current ratio of 2.48 and a debt-to-equity ratio of 0.26.

Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $123.02 million. Fox Factory Holding Corp. had a net margin of 10.76% and a return on equity of 28.25%. During the same period in the previous year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. analysts predict that Fox Factory Holding Corp. will post 1.53 earnings per share for the current year.

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In related news, CFO Zvi Glasman sold 15,500 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $37.65, for a total transaction of $583,575.00. Following the completion of the transaction, the chief financial officer now owns 59,100 shares in the company, valued at $2,225,115. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William H. Katherman sold 18,580 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total transaction of $780,545.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,739 shares of company stock valued at $2,766,288. Company insiders own 21.40% of the company’s stock.

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. bought a new position in shares of Fox Factory Holding Corp. during the third quarter worth $106,000. LS Investment Advisors LLC boosted its position in shares of Fox Factory Holding Corp. by 261.7% during the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock worth $107,000 after acquiring an additional 2,685 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Fox Factory Holding Corp. by 22.8% during the first quarter. State of Alaska Department of Revenue now owns 3,830 shares of the company’s stock worth $109,000 after acquiring an additional 710 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Fox Factory Holding Corp. by 76.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock worth $110,000 after acquiring an additional 1,332 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Fox Factory Holding Corp. during the second quarter worth $111,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

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.

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

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