Analysts expect that Fox Factory Holding Corp (NASDAQ:FOXF) will report sales of $157.21 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Fox Factory’s earnings. The highest sales estimate is $158.00 million and the lowest is $155.50 million. Fox Factory reported sales of $121.09 million during the same quarter last year, which indicates a positive year-over-year growth rate of 29.8%. The firm is scheduled to announce its next earnings report on Tuesday, February 26th.

On average, analysts expect that Fox Factory will report full year sales of $619.58 million for the current fiscal year, with estimates ranging from $618.00 million to $620.50 million. For the next fiscal year, analysts anticipate that the business will post sales of $683.87 million, with estimates ranging from $666.00 million to $703.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Fox Factory.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Wednesday, October 31st. The company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. The company had revenue of $175.80 million for the quarter, compared to analysts’ expectations of $173.33 million. Fox Factory had a return on equity of 29.77% and a net margin of 11.43%. The business’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS.

FOXF has been the topic of a number of research reports. ValuEngine cut Fox Factory from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 24th. Jefferies Financial Group boosted their price objective on Fox Factory from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, November 1st. BidaskClub upgraded Fox Factory from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. Bank of America lifted their target price on Fox Factory from $53.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised Fox Factory from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Fox Factory currently has a consensus rating of “Buy” and an average target price of $63.83.

In other Fox Factory news, insider Christopher Tutton sold 2,000 shares of Fox Factory stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $64.00, for a total transaction of $128,000.00. Following the completion of the transaction, the insider now owns 35,485 shares of the company’s stock, valued at approximately $2,271,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Larry L. Enterline sold 22,401 shares of Fox Factory stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $70.14, for a total value of $1,571,206.14. Following the transaction, the chief executive officer now directly owns 60,519 shares of the company’s stock, valued at approximately $4,244,802.66. The disclosure for this sale can be found here. Insiders have sold a total of 147,474 shares of company stock valued at $10,105,558 in the last ninety days. Insiders own 5.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Fox Factory by 10.8% during the second quarter. BlackRock Inc. now owns 5,233,996 shares of the company’s stock worth $243,642,000 after purchasing an additional 511,948 shares in the last quarter. Copper Rock Capital Partners LLC grew its holdings in shares of Fox Factory by 777.3% during the third quarter. Copper Rock Capital Partners LLC now owns 320,783 shares of the company’s stock worth $22,455,000 after purchasing an additional 284,217 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Fox Factory by 43.7% during the second quarter. PNC Financial Services Group Inc. now owns 866,320 shares of the company’s stock worth $40,327,000 after purchasing an additional 263,434 shares in the last quarter. FMR LLC grew its holdings in shares of Fox Factory by 40.3% during the second quarter. FMR LLC now owns 811,400 shares of the company’s stock worth $37,771,000 after purchasing an additional 233,100 shares in the last quarter. Finally, WINTON GROUP Ltd grew its holdings in shares of Fox Factory by 966.1% during the third quarter. WINTON GROUP Ltd now owns 216,601 shares of the company’s stock worth $15,173,000 after purchasing an additional 196,283 shares in the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ FOXF traded up $0.44 during mid-day trading on Wednesday, reaching $67.59. 249,467 shares of the company’s stock were exchanged, compared to its average volume of 255,407. Fox Factory has a 52 week low of $33.20 and a 52 week high of $76.77. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 42.51, a PEG ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 1.19.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

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