Fox Factory Holding Corp. (NASDAQ:FOXF) saw unusually-strong trading volume on Wednesday . Approximately 248,990 shares traded hands during trading, an increase of 30% from the previous session’s volume of 191,060 shares.The stock last traded at $17.73 and had previously closed at $17.90.

A number of equities analysts have recently issued reports on FOXF shares. DA Davidson restated a “buy” rating and set a $22.00 target price on shares of Fox Factory Holding Corp. in a research report on Sunday, May 1st. TheStreet upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Zacks Investment Research upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, April 26th. Finally, Piper Jaffray Cos. raised their target price on shares of Fox Factory Holding Corp. from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.25.

The firm’s 50-day moving average price is $17.48 and its 200-day moving average price is $16.25. The stock has a market cap of $648.44 million and a PE ratio of 24.32.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The firm had revenue of $80.20 million for the quarter, compared to the consensus estimate of $74.47 million. During the same period in the prior year, the business earned $0.12 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities research analysts anticipate that Fox Factory Holding Corp. will post $1.11 earnings per share for the current year.

Several large investors recently made changes to their positions in the stock. Cooke & Bieler LP increased its stake in shares of Fox Factory Holding Corp. by 177.6% in the fourth quarter. Cooke & Bieler LP now owns 636,781 shares of the company’s stock valued at $10,526,000 after buying an additional 407,426 shares in the last quarter. Foresters Investment Management Company Inc. increased its stake in shares of Fox Factory Holding Corp. by 12.1% in the fourth quarter. Foresters Investment Management Company Inc. now owns 362,000 shares of the company’s stock valued at $5,984,000 after buying an additional 39,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Fox Factory Holding Corp. by 52.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 315,689 shares of the company’s stock valued at $5,219,000 after buying an additional 109,195 shares in the last quarter. Russell Frank Co increased its stake in shares of Fox Factory Holding Corp. by 28.6% in the fourth quarter. Russell Frank Co now owns 119,886 shares of the company’s stock valued at $2,056,000 after buying an additional 26,627 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Fox Factory Holding Corp. during the fourth quarter valued at approximately $1,951,000.

Fox Factory Holding Corp. (FOX) is a designer, manufacturer and marketer of ride dynamics component products used primarily on bicycles, side-by-side vehicles, or Side-by-Sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, or ATVs, snowmobiles, specialty vehicles and applications, and motorcycles as well as suspension systems, or life kits, used on trucks.

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