Fox Factory (NASDAQ:FOXF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday. They currently have a $45.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 12.50% from the company’s current price.

According to Zacks, “Fox Factory Holding Corp. is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles, off-road vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. Fox Factory Holding Corp. is headquartered in California. “

Several other research firms also recently issued reports on FOXF. William Blair downgraded Fox Factory from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. BidaskClub downgraded Fox Factory from a “sell” rating to a “strong sell” rating in a report on Thursday, January 11th. Robert W. Baird restated a “hold” rating and set a $40.00 price objective on shares of Fox Factory in a report on Thursday, September 28th. SunTrust Banks restated a “hold” rating and set a $36.00 price objective on shares of Fox Factory in a report on Friday, October 20th. Finally, ValuEngine downgraded Fox Factory from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Fox Factory has an average rating of “Hold” and a consensus price target of $39.43.

Shares of Fox Factory (FOXF) traded up $0.65 during trading hours on Thursday, hitting $40.00. The company had a trading volume of 132,752 shares, compared to its average volume of 171,200. The stock has a market cap of $1,477.28, a P/E ratio of 31.01, a P/E/G ratio of 1.54 and a beta of 0.62. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. Fox Factory has a 1-year low of $25.25 and a 1-year high of $46.80.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. Fox Factory had a return on equity of 28.25% and a net margin of 10.76%. The company had revenue of $127.40 million for the quarter, compared to the consensus estimate of $123.02 million. During the same period in the previous year, the business earned $0.44 EPS. Fox Factory’s revenue for the quarter was up 16.9% compared to the same quarter last year. equities research analysts expect that Fox Factory will post 1.53 EPS for the current year.

In other news, CEO Larry L. Enterline sold 75,000 shares of Fox Factory stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $38.08, for a total value of $2,856,000.00. Following the completion of the transaction, the chief executive officer now owns 124,934 shares in the company, valued at approximately $4,757,486.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Zvi Glasman sold 15,000 shares of Fox Factory stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $39.72, for a total value of $595,800.00. Following the completion of the transaction, the chief financial officer now owns 64,100 shares of the company’s stock, valued at approximately $2,546,052. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock worth $3,845,500 over the last 90 days. 21.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Fox Factory by 11.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,613,788 shares of the company’s stock worth $285,055,000 after acquiring an additional 686,881 shares in the last quarter. BlackRock Inc. boosted its position in Fox Factory by 15.2% during the 2nd quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock valued at $144,512,000 after purchasing an additional 536,712 shares during the period. Vanguard Group Inc. boosted its position in Fox Factory by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock valued at $64,377,000 after purchasing an additional 129,129 shares during the period. Dimensional Fund Advisors LP boosted its position in Fox Factory by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,306,088 shares of the company’s stock valued at $56,292,000 after purchasing an additional 10,299 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in Fox Factory by 187.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock valued at $49,330,000 after purchasing an additional 746,191 shares during the period. Institutional investors own 97.78% of the company’s stock.

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Fox Factory Company Profile

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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