Fox Factory Holding Corp. (NASDAQ:FOXF) announced its quarterly earnings data on Thursday. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03, Bloomberg Earnings reports. The company had revenue of $120.80 million for the quarter, compared to analyst estimates of $117.16 million. Fox Factory Holding Corp. had a return on equity of 30.70% and a net margin of 10.67%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. Fox Factory Holding Corp. updated its Q3 guidance to $0.40 – $0.44 EPS.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) traded up 3.18% during mid-day trading on Friday, hitting $38.90. The company’s stock had a trading volume of 582,347 shares. Fox Factory Holding Corp. has a 12-month low of $18.09 and a 12-month high of $39.22. The stock has a 50-day moving average of $35.64 and a 200-day moving average of $30.60. The company has a market cap of $1.45 billion, a PE ratio of 34.73 and a beta of 0.69.

A number of brokerages have weighed in on FOXF. Bank of America Corporation lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Wednesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Thursday, July 13th. BidaskClub upgraded Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 29th. DA Davidson restated a “hold” rating and issued a $34.00 price objective on shares of Fox Factory Holding Corp. in a report on Friday, June 30th. Finally, CL King lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 1st. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.17.

In other Fox Factory Holding Corp. news, SVP William H. Katherman sold 11,878 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $33.01, for a total transaction of $392,092.78. Following the transaction, the senior vice president now owns 18,000 shares of the company’s stock, valued at approximately $594,180. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Wesley E. Allinger sold 8,126 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $33.01, for a total value of $268,239.26. Following the transaction, the insider now directly owns 55,379 shares in the company, valued at approximately $1,828,060.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 216,170 shares of company stock worth $7,020,981. 21.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Fox Factory Holding Corp. by 125,617.7% in the first quarter. BlackRock Inc. now owns 3,522,611 shares of the company’s stock worth $101,099,000 after buying an additional 3,519,809 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Fox Factory Holding Corp. by 57.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,522,203 shares of the company’s stock worth $158,487,000 after buying an additional 2,005,628 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Fox Factory Holding Corp. during the second quarter worth approximately $19,214,000. Loomis Sayles & Co. L P increased its position in Fox Factory Holding Corp. by 156.2% in the first quarter. Loomis Sayles & Co. L P now owns 869,719 shares of the company’s stock worth $24,961,000 after buying an additional 530,304 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Fox Factory Holding Corp. during the first quarter worth approximately $11,847,000. 97.05% of the stock is currently owned by institutional investors.

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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.

Earnings History for Fox Factory Holding Corp. (NASDAQ:FOXF)

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