Equities analysts expect that Fox Factory Holding Corp (NASDAQ:FOXF) will post $118.84 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Fox Factory’s earnings. The highest sales estimate is $121.61 million and the lowest is $116.60 million. Fox Factory reported sales of $111.56 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The firm is expected to issue its next earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that Fox Factory will report full year sales of $118.84 million for the current year, with estimates ranging from $471.10 million to $476.15 million. For the next fiscal year, analysts expect that the company will post sales of $552.92 million per share, with estimates ranging from $544.60 million to $559.72 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Fox Factory.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $127.40 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share.

A number of analysts recently commented on the company. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Monday, October 23rd. ValuEngine upgraded Fox Factory from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and set a $40.00 price objective on shares of Fox Factory in a research report on Thursday, September 28th. SunTrust Banks reiterated a “hold” rating and set a $36.00 price objective on shares of Fox Factory in a research report on Friday, October 20th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Fox Factory in a research report on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.29.

Fox Factory (FOXF) opened at $38.60 on Friday. The stock has a market capitalization of $1,419.09, a price-to-earnings ratio of 24.87, a PEG ratio of 1.79 and a beta of 0.62. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. Fox Factory has a 1-year low of $25.25 and a 1-year high of $46.80.

In related news, SVP William H. Katherman sold 18,580 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total transaction of $780,545.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Zvi Glasman sold 15,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $39.72, for a total value of $595,800.00. Following the transaction, the chief financial officer now directly owns 64,100 shares of the company’s stock, valued at $2,546,052. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,580 shares of company stock valued at $1,770,046. 21.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its stake in Fox Factory by 0.3% during the second quarter. Alps Advisors Inc. now owns 18,036 shares of the company’s stock valued at $642,000 after buying an additional 47 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Fox Factory by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 25,294 shares of the company’s stock valued at $900,000 after purchasing an additional 196 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Fox Factory by 0.3% in the 2nd quarter. Prudential Financial Inc. now owns 57,980 shares of the company’s stock valued at $2,064,000 after purchasing an additional 200 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of Fox Factory by 2.7% in the 2nd quarter. Gotham Asset Management LLC now owns 11,556 shares of the company’s stock valued at $411,000 after purchasing an additional 300 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its stake in shares of Fox Factory by 20.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,564 shares of the company’s stock valued at $163,000 after purchasing an additional 778 shares during the last quarter. 98.07% of the stock is owned by 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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Earnings History and Estimates for Fox Factory (NASDAQ:FOXF)

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