Fox Factory Holding Corp. (FOXF) Given Coverage Optimism Score of 0.18
Media stories about Fox Factory Holding Corp. (NASDAQ:FOXF) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fox Factory Holding Corp. earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.1218982175977 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- 35.6% Return Seen to Date on SmarTrend Fox Factory Hold Call (FOXF) (mysmartrend.com)
- Why Fox Factory Holding (FOXF) Could Be an Impressive Growth Stock (nasdaq.com)
- Insider Trading Activity Fox Factory Holding Corp. (NASDAQ:FOXF) – CFO Sold 7,150 shares of Stock (4-traders.com)
- Fox Factory Holding Corp. (FOXF) CFO Zvi Glasman Sells 7,150 Shares (americanbankingnews.com)
- Westport Fuel Systems (WPRT) Q2 Loss Narrower than Expected (finance.yahoo.com)
A number of analysts have issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 price target (up from $32.00) on shares of Fox Factory Holding Corp. in a research note on Wednesday, August 9th. Bank of America Corporation lowered 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 note 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 note on Thursday, July 13th. BidaskClub upgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Finally, DA Davidson reiterated a “hold” rating and set a $34.00 price target on shares of Fox Factory Holding Corp. in a research note on Friday, June 30th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Fox Factory Holding Corp. has an average rating of “Buy” and an average price target of $35.17.
Shares of Fox Factory Holding Corp. (NASDAQ FOXF) traded up 2.03% during trading on Friday, hitting $37.70. The stock had a trading volume of 369,119 shares. The stock’s 50-day moving average price is $37.28 and its 200-day moving average price is $31.49. Fox Factory Holding Corp. has a one year low of $18.24 and a one year high of $39.60. The company has a market cap of $1.41 billion, a P/E ratio of 30.16 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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.16 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. On average, equities research analysts forecast that Fox Factory Holding Corp. will post $1.50 EPS for the current fiscal year.
In other Fox Factory Holding Corp. news, CEO Larry L. Enterline sold 85,799 shares of the business’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 transaction, the chief executive officer now owns 166,567 shares in the company, valued at approximately $5,408,430.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zvi Glasman sold 7,150 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $37.72, for a total value of $269,698.00. Following the transaction, the chief financial officer now owns 69,185 shares of the company’s stock, valued at approximately $2,609,658.20. The disclosure for this sale can be found here. Insiders have sold a total of 153,783 shares of company stock valued at $5,177,639 in the last quarter. 21.40% of the stock is currently owned by 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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