Equities analysts expect Fox Factory Holding Corp (NASDAQ:FOXF) to report sales of $188.32 million for the current quarter, Zacks reports. Five analysts have issued estimates for Fox Factory’s earnings, with the highest sales estimate coming in at $190.30 million and the lowest estimate coming in at $185.10 million. Fox Factory reported sales of $156.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.1%. The company is scheduled to announce its next earnings results on Wednesday, August 7th.

On average, analysts expect that Fox Factory will report full-year sales of $730.14 million for the current financial year, with estimates ranging from $723.50 million to $733.00 million. For the next year, analysts expect that the company will report sales of $798.08 million, with estimates ranging from $790.00 million to $806.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fox Factory.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Wednesday, May 1st. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The firm had revenue of $161.70 million during the quarter, compared to analyst estimates of $156.30 million. Fox Factory had a net margin of 12.43% and a return on equity of 30.57%. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business earned $0.36 EPS.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Friday, May 3rd. BidaskClub raised shares of Fox Factory from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 13th. Finally, SunTrust Banks raised their price target on shares of Fox Factory to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $66.57.

Shares of Fox Factory stock traded down $1.85 during trading on Friday, hitting $68.64. The stock had a trading volume of 3,774 shares, compared to its average volume of 241,255. The firm has a market capitalization of $2.69 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.14. Fox Factory has a 12 month low of $38.15 and a 12 month high of $79.46. The company has a current ratio of 2.39, a quick ratio of 1.29 and a debt-to-equity ratio of 0.19.

In other Fox Factory news, Director Dudley W. Mendenhall sold 4,645 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $71.84, for a total transaction of $333,696.80. Following the transaction, the director now owns 13,397 shares of the company’s stock, valued at approximately $962,440.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Larry L. Enterline sold 177,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $63.98, for a total transaction of $11,324,460.00. Following the transaction, the chief executive officer now directly owns 95,335 shares in the company, valued at approximately $6,099,533.30. The disclosure for this sale can be found here. Insiders sold a total of 220,040 shares of company stock worth $14,341,598 in the last ninety days. 2.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FOXF. Vanguard Group Inc. increased its position in Fox Factory by 38.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,909,215 shares of the company’s stock valued at $203,790,000 after purchasing an additional 806,477 shares during the period. Norges Bank purchased a new position in Fox Factory during the 4th quarter valued at about $19,815,000. Lord Abbett & CO. LLC purchased a new position in Fox Factory during the 4th quarter valued at about $16,575,000. Neuberger Berman Group LLC increased its position in Fox Factory by 9.3% during the 1st quarter. Neuberger Berman Group LLC now owns 3,126,980 shares of the company’s stock valued at $218,545,000 after purchasing an additional 266,505 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in Fox Factory during the 4th quarter valued at about $11,900,000. 99.60% of the stock is currently owned by institutional investors and hedge funds.

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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