Fox Factory Holding Corp. (FOXF) Reaches New 1-Year High at $21.06
Fox Factory Holding Corp. (NASDAQ:FOXF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.06 and last traded at $21.02, with a volume of 188,377 shares traded. The stock had previously closed at $20.76.
A number of equities research analysts have issued reports on the stock. 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. DA Davidson lifted their target price on shares of 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. Zacks Investment Research lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, SunTrust Banks Inc. lifted their target price on shares of 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. Six analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $23.00.
The company has a 50 day moving average of $19.21 and a 200-day moving average of $17.28. The firm has a market cap of $770.40 million and a price-to-earnings ratio of 26.95.
Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. During the same period in the previous year, the company posted $0.26 earnings per share. The firm earned $102.30 million during the quarter, compared to analyst estimates of $98.53 million. Fox Factory Holding Corp.’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that Fox Factory Holding Corp. will post $1.15 EPS for the current fiscal year.
In other news, CFO Zvi Glasman sold 30,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 62,021 shares of the company’s stock, valued at $1,247,862.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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.