Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) have been given an average recommendation of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $36.33.

A number of equities analysts have weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $38.00 price target (up previously from $32.00) on shares of Fox Factory Holding Corp. in a research report on Wednesday, August 9th. Bank of America Corporation boosted their price target on Fox Factory Holding Corp. from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday. Zacks Investment Research downgraded Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. CL King downgraded Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. Finally, ValuEngine raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

Shares of Fox Factory Holding Corp. (FOXF) traded up 0.61% during mid-day trading on Wednesday, reaching $41.50. The company had a trading volume of 385,355 shares. Fox Factory Holding Corp. has a 12 month low of $19.65 and a 12 month high of $42.20. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 33.20 and a beta of 0.68. The firm’s 50-day moving average is $39.02 and its 200 day moving average is $33.57.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $120.80 million for the quarter, compared to the consensus estimate of $117.16 million. Fox Factory Holding Corp. had a return on equity of 29.60% and a net margin of 10.67%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, equities research analysts predict that Fox Factory Holding Corp. will post $1.50 earnings per share for the current year.

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In other news, CFO Zvi Glasman sold 10,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $39.34, for a total transaction of $401,268.00. Following the completion of the sale, the chief financial officer now owns 82,325 shares in the company, valued at $3,238,665.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thomas Michael Wittenschlaeger sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $39.22, for a total value of $78,440.00. Following the sale, the insider now owns 61,162 shares of the company’s stock, valued at approximately $2,398,773.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,159 shares of company stock valued at $1,985,742. Corporate insiders own 21.40% of the company’s stock.

Several large investors have recently modified their holdings of FOXF. LS Investment Advisors LLC boosted its holdings in shares of Fox Factory Holding Corp. by 261.7% during the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock worth $107,000 after acquiring an additional 2,685 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Fox Factory Holding Corp. by 76.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,076 shares of the company’s stock worth $110,000 after acquiring an additional 1,332 shares during the period. SG Americas Securities LLC bought a new stake in shares of Fox Factory Holding Corp. during the second quarter worth approximately $111,000. Victory Capital Management Inc. boosted its holdings in shares of Fox Factory Holding Corp. by 11.3% during the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock worth $144,000 after acquiring an additional 509 shares during the period. Finally, Paradigm Asset Management Co. LLC bought a new stake in shares of Fox Factory Holding Corp. during the second quarter worth approximately $160,000. Institutional investors own 97.03% of the company’s stock.

Fox Factory Holding Corp. 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.

Analyst Recommendations for Fox Factory Holding Corp. (NASDAQ:FOXF)

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