Fox Factory Holding Corp. (NASDAQ:FOXF) shares dropped 5.7% during mid-day trading on Tuesday . The company traded as low as $18.55 and last traded at $19.00, with a volume of 1,181,959 shares. The stock had previously closed at $20.14.

FOXF has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, April 26th. DA Davidson reaffirmed a “buy” rating and issued a $22.00 price target on shares of Fox Factory Holding Corp. in a report on Sunday, May 1st. TheStreet raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Piper Jaffray Cos. raised their price target on shares of Fox Factory Holding Corp. from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, May 5th. Finally, SunTrust Banks Inc. raised their price target on shares of Fox Factory Holding Corp. from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Six equities research analysts have rated the stock with a buy rating, Fox Factory Holding Corp. currently has an average rating of “Buy” and a consensus target price of $23.00.

The firm has a market cap of $696.74 million and a PE ratio of 24.37. The firm has a 50 day moving average price of $18.31 and a 200-day moving average price of $16.69.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. During the same quarter last year, the firm posted $0.26 EPS. The business earned $102.30 million during the quarter, compared to analyst estimates of $98.53 million. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Fox Factory Holding Corp. will post $1.15 EPS for the current fiscal year.

Several hedge funds and institutional investors have made changes to their positions in FOXF. Argent Capital Management LLC boosted its position in shares of Fox Factory Holding Corp. by 65.4% in the fourth quarter. Argent Capital Management LLC now owns 185,700 shares of the company’s stock worth $3,070,000 after buying an additional 73,450 shares during the period. Foresters Investment Management Company Inc. boosted its position 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 worth $5,984,000 after buying an additional 39,000 shares during the period. Dimensional Fund Advisors LP boosted its position 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 worth $5,219,000 after buying an additional 109,195 shares during the period. Finally, Russell Frank Co boosted its position 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 worth $2,056,000 after buying an additional 26,627 shares during the period.

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance ride dynamics products for customers across the world. The Company’s brand ride dynamics products are used primarily on bicycles (bikes), side-by-side vehicles (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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