Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Fox Factory Holding Corp. (NASDAQ:FOXF) Share Price
Headlines about Fox Factory Holding Corp. (NASDAQ:FOXF) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fox Factory Holding Corp. earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.3930817812514 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Fox Factory Holding Corp. (NASDAQ:FOXF) & Visteon Corporation (VC) Head-To-Head Review (americanbankingnews.com)
- Fox Factory Holding (FOXF) PT Raised to $38 at Stifel on 2Q Report; ‘Power Vehicle Strength’ Drives FY17 Estimates Higher (streetinsider.com)
- Zacks: Analysts Anticipate Fox Factory Holding Corp. (NASDAQ:FOXF) to Announce $0.42 EPS (americanbankingnews.com)
- Fox Factory Holding Corp. (NASDAQ:FOXF) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS (americanbankingnews.com)
- Edited Transcript of FOXF earnings conference call or presentation 3-Aug-17 8:30pm GMT (finance.yahoo.com)
A number of analysts recently weighed in on the stock. Bank of America Corporation downgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Thursday, July 13th. BidaskClub upgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. DA Davidson reiterated a “hold” rating and issued a $34.00 price target on shares of Fox Factory Holding Corp. in a research report on Friday, June 30th. Finally, CL King downgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Fox Factory Holding Corp. presently has an average rating of “Buy” and an average price target of $33.17.
Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Fox Factory Holding Corp. had a return on equity of 29.60% and a net margin of 10.67%. The business had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.16 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. Fox Factory Holding Corp.’s revenue was up 18.1% compared to the same quarter last year.
In related news, CEO Larry L. Enterline sold 85,799 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $32.47, for a total transaction of $2,785,893.53. Following the completion of the sale, the chief executive officer now owns 166,567 shares in the company, valued at $5,408,430.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Zvi Glasman sold 6,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $31.99, for a total value of $191,940.00. Following the sale, the chief financial officer now owns 62,100 shares of the company’s stock, valued at approximately $1,986,579. The disclosure for this sale can be found here. Insiders have sold 176,170 shares of company stock valued at $5,754,181 in the last quarter. 21.40% of the stock is currently owned by corporate insiders.
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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.
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