Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been given a consensus rating of “Buy” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.71.

A number of analysts have recently commented on FOXF shares. DA Davidson reaffirmed a “hold” rating and issued a $34.00 price target on shares of Fox Factory Holding Corp. in a research note on Friday, June 30th. Zacks Investment Research raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Friday, May 5th. BidaskClub raised Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. ValuEngine raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, CL King cut Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, June 1st.

Fox Factory Holding Corp. (FOXF) traded up 3.45% on Tuesday, hitting $39.00. 242,386 shares of the stock traded hands. Fox Factory Holding Corp. has a 12-month low of $18.09 and a 12-month high of $39.22. The company’s 50 day moving average price is $35.64 and its 200-day moving average price is $30.60. The stock has a market capitalization of $1.45 billion, a P/E ratio of 34.82 and a beta of 0.69.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $117.16 million. Fox Factory Holding Corp. had a return on equity of 30.07% and a net margin of 10.01%. Fox Factory Holding Corp.’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. Analysts predict that Fox Factory Holding Corp. will post $1.44 EPS for the current year.

In related news, insider Wesley E. Allinger sold 2,776 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $32.63, for a total transaction of $90,580.88. Following the completion of the sale, the insider now directly owns 49,034 shares of the company’s stock, valued at approximately $1,599,979.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Wesley E. Allinger sold 17,418 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $32.88, for a total value of $572,703.84. Following the sale, the insider now directly owns 29,419 shares of the company’s stock, valued at $967,296.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,170 shares of company stock valued at $7,020,981. 21.40% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of FOXF. SG Americas Securities LLC purchased a new position in shares of Fox Factory Holding Corp. during the second quarter worth about $111,000. LS Investment Advisors LLC raised its position in shares of Fox Factory Holding Corp. by 261.7% in the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock worth $107,000 after buying an additional 2,685 shares during the period. State of Alaska Department of Revenue raised its position in shares of Fox Factory Holding Corp. by 22.8% in the first quarter. State of Alaska Department of Revenue now owns 3,830 shares of the company’s stock worth $109,000 after buying an additional 710 shares during the period. Victory Capital Management Inc. raised its position in shares of Fox Factory Holding Corp. by 11.3% in the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock worth $144,000 after buying an additional 509 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Fox Factory Holding Corp. during the second quarter worth about $196,000. 97.05% of the stock is owned by institutional investors and hedge funds.

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About Fox Factory Holding Corp.

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including 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.

Analyst Recommendations for Fox Factory Holding Corp. (NASDAQ:FOXF)

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