Fox Factory Holding Corp. (FOXF) Trading Up 3.4%
Fox Factory Holding Corp. (NASDAQ:FOXF) was up 3.4% during trading on Wednesday . The company traded as high as $19.81 and last traded at $19.74, with a volume of 140,488 shares changing hands. The stock had previously closed at $19.09.
A number of equities research analysts recently commented on FOXF shares. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $23.00 price objective (up previously from $21.00) on shares of Fox Factory Holding Corp. in a report on Thursday, August 4th. SunTrust Banks Inc. upped their price objective on Fox Factory Holding Corp. from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research downgraded Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. TheStreet upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, DA Davidson upped their price objective on Fox Factory Holding Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $23.00.
The firm has a market capitalization of $721.66 million and a PE ratio of 25.24. The stock’s 50-day moving average price is $18.63 and its 200-day moving average price is $17.01.
Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its earnings results on Wednesday, August 3rd. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The business earned $102.30 million during the quarter, compared to analyst estimates of $98.53 million. During the same period in the prior year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts predict that Fox Factory Holding Corp. will post $1.15 EPS for the current year.
In related news, CFO Zvi Glasman sold 30,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 62,021 shares of the company’s stock, valued at approximately $1,247,862.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
A hedge fund recently raised its stake in Fox Factory Holding Corp. stock. Dimensional Fund Advisors LP increased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 52.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,689 shares of the company’s stock after buying an additional 109,195 shares during the period. Dimensional Fund Advisors LP owned 0.85% of Fox Factory Holding Corp. worth $5,219,000 at the end of the most recent 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.