Fox Factory Holding Corp. (NASDAQ:FOXF)’s share price traded down 5.7% during trading on Tuesday . The stock traded as low as $18.55 and last traded at $19.00, with a volume of 1,181,959 shares trading hands. The stock had previously closed at $20.14.

Several research firms have issued reports on FOXF. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $23.00 target price (up previously from $21.00) on shares of Fox Factory Holding Corp. in a research note on Thursday, August 4th. Zacks Investment Research upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, August 5th. SunTrust Banks Inc. lifted their target price on Fox Factory Holding Corp. from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. DA Davidson lifted their target price on Fox Factory Holding Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, TheStreet upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Six equities research analysts have rated the stock with a buy rating, Fox Factory Holding Corp. has an average rating of “Buy” and an average target price of $23.00.

The firm has a market capitalization of $690.14 million and a price-to-earnings ratio of 24.14. The firm has a 50 day moving average of $18.35 and a 200 day moving average of $16.74.

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

In other news, CFO Zvi Glasman sold 30,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $20.12, for a total value of $603,600.00. Following the transaction, the chief financial officer now owns 62,021 shares of the company’s stock, valued at approximately $1,247,862.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

A number of institutional investors have recently bought and sold shares of FOXF. Argent Capital Management LLC raised its position in 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 valued at $3,070,000 after buying an additional 73,450 shares during the last quarter. Foresters Investment Management Company Inc. raised its position in 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 during the last quarter. Dimensional Fund Advisors LP raised its position in 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 during the last quarter. Finally, Russell Frank Co raised its position in 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 during the last quarter.

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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