Bank of America Corporation lowered shares of Fox Factory Holding Corp. (NASDAQ:FOXF) from a buy rating to a neutral rating in a research report released on Wednesday, MarketBeat Ratings reports. They currently have $38.00 price target on the stock. The analysts noted that the move was a valuation call.

Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Fox Factory Holding Corp. from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Fox Factory Holding Corp. from a hold rating to a buy rating and set a $36.00 target price for the company in a report on Friday, May 5th. DA Davidson restated a hold rating and set a $34.00 target price on shares of Fox Factory Holding Corp. in a report on Friday, June 30th. CL King downgraded Fox Factory Holding Corp. from a buy rating to a neutral rating in a report on Thursday, June 1st. Finally, BidaskClub upgraded Fox Factory Holding Corp. from a buy rating to a strong-buy rating in a report on Thursday, June 29th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Fox Factory Holding Corp. has a consensus rating of Buy and a consensus target price of $31.71.

Fox Factory Holding Corp. (FOXF) traded up 0.14% during mid-day trading on Wednesday, hitting $36.80. 321,015 shares of the stock traded hands. The company has a 50-day moving average of $32.94 and a 200 day moving average of $29.01. The firm has a market capitalization of $1.37 billion, a P/E ratio of 32.86 and a beta of 0.67. Fox Factory Holding Corp. has a 1-year low of $18.00 and a 1-year high of $38.40.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its earnings results on Wednesday, May 3rd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $106.33 million during the quarter, compared to the consensus estimate of $97.31 million. Fox Factory Holding Corp. had a return on equity of 30.07% and a net margin of 10.01%. On average, equities research analysts anticipate that Fox Factory Holding Corp. will post $1.44 EPS for the current year.

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In other Fox Factory Holding Corp. news, CFO Zvi Glasman sold 40,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $31.67, for a total value of $1,266,800.00. Following the completion of the transaction, the chief financial officer now owns 62,100 shares in the company, valued at $1,966,707. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Wesley E. Allinger sold 17,418 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $32.88, for a total value of $572,703.84. Following the completion of the transaction, the insider now owns 29,419 shares of the company’s stock, valued at approximately $967,296.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,170 shares of company stock valued at $7,020,981. 21.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Fox Factory Holding Corp. by 57.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,522,203 shares of the company’s stock worth $158,487,000 after buying an additional 2,005,628 shares during the period. BlackRock Inc. increased its position in Fox Factory Holding Corp. by 125,617.7% in the first quarter. BlackRock Inc. now owns 3,522,611 shares of the company’s stock worth $101,099,000 after buying an additional 3,519,809 shares during the period. Vanguard Group Inc. increased its position in Fox Factory Holding Corp. by 28.5% in the first quarter. Vanguard Group Inc. now owns 1,679,239 shares of the company’s stock worth $48,194,000 after buying an additional 372,551 shares during the period. Conestoga Capital Advisors LLC increased its position in Fox Factory Holding Corp. by 14.2% in the first quarter. Conestoga Capital Advisors LLC now owns 1,483,861 shares of the company’s stock worth $42,587,000 after buying an additional 184,991 shares during the period. Finally, Wells Fargo & Company MN increased its position in Fox Factory Holding Corp. by 4.9% in the first quarter. Wells Fargo & Company MN now owns 1,479,874 shares of the company’s stock worth $42,473,000 after buying an additional 69,635 shares during the period. Institutional investors and hedge funds own 95.70% 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.

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

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