Brokerages forecast that Fox Factory Holding Corp (NASDAQ:FOXF) will announce $206.77 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Fox Factory’s earnings. The highest sales estimate is $208.00 million and the lowest is $206.00 million. Fox Factory reported sales of $175.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The business is scheduled to issue its next earnings report on Wednesday, October 30th.

On average, analysts expect that Fox Factory will report full-year sales of $740.87 million for the current fiscal year, with estimates ranging from $736.00 million to $743.00 million. For the next financial year, analysts expect that the company will report sales of $815.57 million, with estimates ranging from $800.00 million to $830.96 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Fox Factory.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. Fox Factory had a net margin of 12.45% and a return on equity of 29.77%. The firm had revenue of $192.10 million for the quarter, compared to analysts’ expectations of $187.96 million. During the same period last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 22.5% on a year-over-year basis.

Several research analysts have recently issued reports on the company. Stifel Nicolaus raised their price target on Fox Factory from $72.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. BidaskClub downgraded Fox Factory from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Investment Research raised Fox Factory from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Friday, August 2nd. Finally, Bank of America restated a “neutral” rating and set a $86.00 target price (up previously from $78.00) on shares of Fox Factory in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $75.83.

Shares of Fox Factory stock traded up $1.55 on Friday, hitting $69.17. 69,708 shares of the company’s stock traded hands, compared to its average volume of 226,237. The firm’s 50-day moving average price is $74.69 and its two-hundred day moving average price is $73.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.73 and a quick ratio of 1.45. The stock has a market capitalization of $2.66 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. Fox Factory has a one year low of $49.97 and a one year high of $86.91.

In other news, CFO Zvi Glasman sold 5,000 shares of Fox Factory stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the transaction, the chief financial officer now owns 20,284 shares in the company, valued at approximately $1,622,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Tutton sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $75.24, for a total value of $75,240.00. Following the completion of the transaction, the insider now owns 21,604 shares of the company’s stock, valued at $1,625,484.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,044 shares of company stock worth $2,697,208. Insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in FOXF. JPMorgan Chase & Co. raised its stake in shares of Fox Factory by 1,594.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 520,571 shares of the company’s stock worth $42,431,000 after purchasing an additional 489,856 shares during the period. Eagle Asset Management Inc. bought a new stake in Fox Factory during the second quarter valued at approximately $28,317,000. Carillon Tower Advisers Inc. purchased a new stake in Fox Factory during the second quarter valued at approximately $25,496,000. Neuberger Berman Group LLC increased its holdings in Fox Factory by 9.3% during the first quarter. Neuberger Berman Group LLC now owns 3,126,980 shares of the company’s stock valued at $218,545,000 after buying an additional 266,505 shares during the last quarter. Finally, Redwood Investments LLC bought a new position in Fox Factory in the second quarter worth approximately $21,434,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Fox Factory Company Profile

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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