Fox Factory Holding Corp. (NASDAQ:FOXF)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a research note issued to investors on Wednesday. They currently have a $38.00 target price on the stock, up from their previous target price of $32.00. Stifel Nicolaus’ price target would suggest a potential downside of 2.56% from the stock’s current price.

FOXF has been the topic of a number of other research reports. DA Davidson reiterated a “hold” rating and issued a $34.00 target price on shares of Fox Factory Holding Corp. in a report on Friday, June 30th. ValuEngine upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, May 5th. Bank of America Corporation cut Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Finally, CL King cut Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, June 1st. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $35.17.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) traded down 0.9841% during trading on Wednesday, hitting $38.6162. The stock had a trading volume of 51,990 shares. Fox Factory Holding Corp. has a 12-month low of $18.09 and a 12-month high of $39.23. The company has a market cap of $1.44 billion, a PE ratio of 34.4787 and a beta of 0.69. The stock’s 50 day moving average is $36.11 and its 200-day moving average is $30.76.

Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $117.16 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Analysts forecast that Fox Factory Holding Corp. will post $1.50 earnings per share for the current year.

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In other news, SVP William H. Katherman sold 11,878 shares of Fox Factory Holding Corp. stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $33.01, for a total transaction of $392,092.78. Following the sale, the senior vice president now directly owns 18,000 shares of the company’s stock, valued at $594,180. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zvi Glasman sold 30,000 shares of Fox Factory Holding Corp. stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $32.96, for a total value of $988,800.00. Following the sale, the chief financial officer now directly owns 56,100 shares in the company, valued at $1,849,056. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,452 shares of company stock worth $5,475,673. Corporate insiders own 21.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Fox Factory Holding Corp. by 13.5% in the fourth quarter. State Street Corp now owns 491,424 shares of the company’s stock valued at $13,639,000 after buying an additional 58,498 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Fox Factory Holding Corp. by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 38,743 shares of the company’s stock valued at $1,075,000 after buying an additional 1,019 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Fox Factory Holding Corp. by 2.9% in the first quarter. Bank of Montreal Can now owns 8,510 shares of the company’s stock valued at $244,000 after buying an additional 242 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Fox Factory Holding Corp. by 21.6% in the first quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock valued at $405,000 after buying an additional 2,500 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of Fox Factory Holding Corp. by 14.2% in the first quarter. Conestoga Capital Advisors LLC now owns 1,483,861 shares of the company’s stock valued at $42,587,000 after buying an additional 184,991 shares in the last quarter. 97.09% of the stock is owned by hedge funds and other institutional investors.

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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