Recent Investment Analysts’ Ratings Changes for Fox Factory (FOXF)

Several brokerages have updated their recommendations and price targets on shares of Fox Factory (NASDAQ: FOXF) in the last few weeks:

  • 1/18/2018 – Fox Factory was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $45.00 price target on the stock. 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. “
  • 1/11/2018 – Fox Factory was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/10/2018 – Fox Factory was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $42.00 price target on the stock. 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. “
  • 1/8/2018 – Fox Factory was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 12/6/2017 – Fox Factory was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. 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. “
  • 12/3/2017 – Fox Factory had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $44.00 price target on the stock.
  • 12/1/2017 – Fox Factory was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of Fox Factory Holding Corp (NASDAQ FOXF) traded up $0.65 during mid-day trading on Monday, reaching $40.00. The company’s stock had a trading volume of 132,700 shares, compared to its average volume of 212,200. Fox Factory Holding Corp has a fifty-two week low of $25.25 and a fifty-two week high of $46.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.41 and a current ratio of 2.48. The stock has a market capitalization of $1,501.68, a P/E ratio of 31.01, a PEG ratio of 1.57 and a beta of 0.62.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data 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. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The business had revenue of $127.40 million for the quarter, compared to the consensus estimate of $123.02 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. equities research analysts expect that Fox Factory Holding Corp will post 1.53 earnings per share for the current fiscal year.

In other news, CEO Larry L. Enterline sold 75,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $38.08, for a total value of $2,856,000.00. Following the sale, the chief executive officer now directly owns 124,934 shares in the company, valued at $4,757,486.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Zvi Glasman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.37, for a total value of $393,700.00. Following the completion of the sale, the chief financial officer now owns 160,331 shares in the company, valued at $6,312,231.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,000 shares of company stock worth $3,845,500. Company insiders own 21.40% of the company’s stock.

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.

Receive News & Ratings for Fox Factory Holding Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory Holding Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply