William Blair Equities Analysts Lift Earnings Estimates for Fox Factory Holding Corp (FOXF)
Fox Factory Holding Corp (NASDAQ:FOXF) – Research analysts at William Blair lifted their FY2018 earnings per share (EPS) estimates for shares of Fox Factory in a research report issued to clients and investors on Monday. William Blair analyst R. Sundby now anticipates that the company will post earnings per share of $1.67 for the year, up from their prior estimate of $1.60. William Blair has a “Market Perform” rating on the stock.
Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $127.40 million for the quarter, compared to analyst estimates of $123.02 million. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share.
Shares of Fox Factory (NASDAQ:FOXF) traded down $0.70 on Wednesday, hitting $39.05. The stock had a trading volume of 265,600 shares, compared to its average volume of 318,556. The firm has a market capitalization of $1,492.30, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.88 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41. Fox Factory has a 52 week low of $25.25 and a 52 week high of $46.80.
In related news, SVP William H. Katherman sold 18,580 shares of Fox Factory stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total transaction of $780,545.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. increased its stake in Fox Factory by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 18,036 shares of the company’s stock worth $642,000 after purchasing an additional 47 shares in the last quarter. Texas Permanent School Fund increased its stake in Fox Factory by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 25,294 shares of the company’s stock worth $900,000 after purchasing an additional 196 shares in the last quarter. Prudential Financial Inc. increased its stake in Fox Factory by 0.3% in the 2nd quarter. Prudential Financial Inc. now owns 57,980 shares of the company’s stock worth $2,064,000 after purchasing an additional 200 shares in the last quarter. LS Investment Advisors LLC increased its stake in Fox Factory by 7.5% in the 2nd quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock worth $142,000 after purchasing an additional 279 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Fox Factory by 2.7% in the 2nd quarter. Gotham Asset Management LLC now owns 11,556 shares of the company’s stock worth $411,000 after purchasing an additional 300 shares in the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.
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About Fox Factory
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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