Fox Factory Holding Corp. (NASDAQ:FOXF) – Analysts at DA Davidson upped their FY2017 earnings estimates for Fox Factory Holding Corp. in a research report issued on Thursday. DA Davidson analyst A. Burns now anticipates that the company will post earnings of $1.54 per share for the year, up from their prior estimate of $1.50. DA Davidson also issued estimates for Fox Factory Holding Corp.’s Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.71 EPS and FY2019 earnings at $1.94 EPS.

Fox Factory Holding Corp. (NASDAQ:FOXF) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The firm had revenue of $127.40 million for the quarter, compared to the consensus estimate of $123.02 million. Fox Factory Holding Corp. had a return on equity of 28.25% and a net margin of 10.76%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. TRADEMARK VIOLATION NOTICE: This piece of content was posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/fox-factory-holding-corp-expected-to-post-fy2017-earnings-of-1-54-per-share-foxf/1682022.html.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Thursday, July 13th. ValuEngine upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $38.00 price objective (up previously from $32.00) on shares of Fox Factory Holding Corp. in a report on Wednesday, August 9th. Robert W. Baird reiterated a “hold” rating and issued a $40.00 price objective on shares of Fox Factory Holding Corp. in a report on Thursday, September 28th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $36.00 price objective on shares of Fox Factory Holding Corp. in a report on Friday, October 20th. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Fox Factory Holding Corp. presently has a consensus rating of “Hold” and a consensus target price of $39.29.

Fox Factory Holding Corp. (NASDAQ FOXF) opened at $40.28 on Monday. The company has a market capitalization of $1,512.01, a PE ratio of 26.50, a PEG ratio of 1.90 and a beta of 0.68. The company has a quick ratio of 1.41, a current ratio of 2.48 and a debt-to-equity ratio of 0.26. Fox Factory Holding Corp. has a twelve month low of $19.90 and a twelve month high of $46.80.

In related news, insider Thomas Michael Wittenschlaeger sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $39.22, for a total transaction of $78,440.00. Following the transaction, the insider now owns 61,162 shares in the company, valued at approximately $2,398,773.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William H. Katherman sold 18,580 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $42.01, for a total value of $780,545.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,739 shares of company stock worth $2,766,288. 21.40% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Fox Factory Holding Corp. by 7.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,926,907 shares of the company’s stock worth $210,998,000 after acquiring an additional 404,704 shares during the period. BlackRock Inc. grew its holdings in shares of Fox Factory Holding Corp. by 15.2% during the 2nd quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock worth $144,512,000 after acquiring an additional 536,712 shares during the period. Vanguard Group Inc. grew its holdings in shares of Fox Factory Holding Corp. by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock worth $64,377,000 after acquiring an additional 129,129 shares during the period. Conestoga Capital Advisors LLC grew its holdings in shares of Fox Factory Holding Corp. by 6.3% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,577,516 shares of the company’s stock worth $56,160,000 after acquiring an additional 93,655 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Fox Factory Holding Corp. by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,789 shares of the company’s stock worth $46,129,000 after acquiring an additional 5,135 shares during the period. Hedge funds and other institutional investors own 96.57% 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.

Earnings History and Estimates for Fox Factory Holding Corp. (NASDAQ:FOXF)

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