Fox Factory Holding Corp. (NASDAQ:FOXF) had its target price lifted by Bank of America Corporation from $39.00 to $42.00 in a report released on Thursday morning. They currently have a neutral rating on the stock.

A number of other equities analysts also recently weighed in on the stock. DA Davidson reaffirmed a hold rating and set a $34.00 target price on shares of Fox Factory Holding Corp. in a research note on Friday, June 30th. BidaskClub raised shares of Fox Factory Holding Corp. from a buy rating to a strong-buy rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded shares of Fox Factory Holding Corp. from a buy rating to a hold rating in a research note on Wednesday, September 6th. ValuEngine raised shares of Fox Factory Holding Corp. from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, CL King downgraded shares of Fox Factory Holding Corp. from a buy rating to a neutral rating in a research note on Thursday, June 1st. Five investment 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 stock. Fox Factory Holding Corp. currently has an average rating of Buy and an average target price of $36.33.

Fox Factory Holding Corp. (FOXF) opened at 41.50 on Thursday. The company has a market cap of $1.55 billion, a P/E ratio of 33.20 and a beta of 0.68. Fox Factory Holding Corp. has a 12 month low of $19.65 and a 12 month high of $42.20. The firm has a 50-day moving average price of $39.02 and a 200 day moving average price of $33.57.

Fox Factory Holding Corp. (NASDAQ:FOXF) last released 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 net margin of 10.67% and a return on equity of 29.60%. The company had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.16 million. During the same period in the prior year, the firm earned $0.32 earnings per share. Fox Factory Holding Corp.’s revenue was up 18.1% on a year-over-year basis. On average, equities analysts expect that Fox Factory Holding Corp. will post $1.50 earnings per share for the current year.

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In other news, CFO Zvi Glasman sold 10,200 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $39.34, for a total transaction of $401,268.00. Following the sale, the chief financial officer now owns 82,325 shares in the company, valued at $3,238,665.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP William H. Katherman sold 2,356 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $36.95, for a total transaction of $87,054.20. Following the sale, the senior vice president now owns 32,750 shares in the company, valued at approximately $1,210,112.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,159 shares of company stock worth $1,985,742. Corporate insiders own 21.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. LS Investment Advisors LLC grew its holdings in shares of Fox Factory Holding Corp. by 261.7% during the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock valued at $107,000 after buying an additional 2,685 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Fox Factory Holding Corp. by 76.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock valued at $110,000 after buying an additional 1,332 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Fox Factory Holding Corp. during the second quarter valued at approximately $111,000. Victory Capital Management Inc. grew its holdings in shares of Fox Factory Holding Corp. by 11.3% during the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock valued at $144,000 after buying an additional 509 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new stake in shares of Fox Factory Holding Corp. during the second quarter valued at approximately $160,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

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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