Fox Factory Holding Corp (FOXF) Receives Consensus Rating of “Hold” from Analysts

Shares of Fox Factory Holding Corp (NASDAQ:FOXF) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $39.43.

FOXF has been the subject of several recent research reports. Robert W. Baird restated a “hold” rating and set a $40.00 price objective on shares of Fox Factory in a report on Thursday, September 28th. ValuEngine downgraded Fox Factory from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. William Blair downgraded Fox Factory from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. SunTrust Banks restated a “hold” rating and set a $36.00 price objective on shares of Fox Factory in a report on Friday, October 20th. Finally, Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating in a report on Friday, October 20th.

In related news, CFO Zvi Glasman sold 15,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $39.72, for a total transaction of $595,800.00. Following the completion of the sale, the chief financial officer now owns 64,100 shares in the company, valued at $2,546,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Larry L. Enterline sold 75,000 shares of the company’s stock in a transaction 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 owns 124,934 shares of the company’s stock, valued at approximately $4,757,486.72. The disclosure for this sale can be found here. Insiders have sold 100,000 shares of company stock valued at $3,845,500 in the last quarter. 21.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new stake in Fox Factory during the second quarter worth $1,524,000. TIAA CREF Investment Management LLC grew its holdings in Fox Factory by 56.1% during the second quarter. TIAA CREF Investment Management LLC now owns 94,289 shares of the company’s stock worth $3,357,000 after buying an additional 33,895 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Fox Factory by 54.3% during the second quarter. The Manufacturers Life Insurance Company now owns 27,622 shares of the company’s stock worth $984,000 after buying an additional 9,721 shares in the last quarter. Sei Investments Co. grew its holdings in Fox Factory by 1,003.2% during the third quarter. Sei Investments Co. now owns 6,454 shares of the company’s stock worth $278,000 after buying an additional 5,869 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in Fox Factory during the second quarter worth $267,000. Institutional investors and hedge funds own 98.71% of the company’s stock.

Fox Factory (NASDAQ:FOXF) opened at $39.15 on Tuesday. Fox Factory has a 12 month low of $25.25 and a 12 month high of $46.80. The company has a quick ratio of 1.41, a current ratio of 2.48 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1,501.68, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 1.57 and a beta of 0.62.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The firm 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 revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. equities research analysts anticipate that Fox Factory will post 1.53 EPS for the current year.

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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.

Analyst Recommendations for Fox Factory (NASDAQ:FOXF)

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