Fox Factory Holding Corp. (FOXF) Reaches New 12-Month High at $21.06
Fox Factory Holding Corp. (NASDAQ:FOXF) shares hit a new 52-week high on Thursday . The stock traded as high as $21.06 and last traded at $21.02, with a volume of 188,377 shares changing hands. The stock had previously closed at $20.76.
FOXF has been the subject of a number of recent analyst reports. DA Davidson boosted their price objective on Fox Factory Holding Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a research report 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 price objective for the company in a research report on Friday, August 5th. SunTrust Banks Inc. boosted their price objective on Fox Factory Holding Corp. from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $23.00 price objective (up from $21.00) on shares of Fox Factory Holding Corp. in a research report on Thursday, August 4th. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $23.00.
The company’s 50 day moving average price is $19.29 and its 200-day moving average price is $17.31. The firm has a market capitalization of $773.70 million and a price-to-earnings ratio of 27.06.
Fox Factory Holding Corp. (NASDAQ:FOXF) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $102.30 million for the quarter, compared to analysts’ expectations of $98.53 million. During the same quarter in the prior year, the business earned $0.26 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Fox Factory Holding Corp. will post $1.15 EPS for the current fiscal year.
In related news, CFO Zvi Glasman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $20.12, for a total transaction of $603,600.00. Following the transaction, the chief financial officer now owns 62,021 shares in the company, valued at approximately $1,247,862.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.