Equities analysts forecast that Fox Factory Holding Corp (NASDAQ:FOXF) will announce $188.32 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Fox Factory’s earnings, with the lowest sales estimate coming in at $185.10 million and the highest estimate coming in at $190.30 million. Fox Factory reported sales of $156.83 million during the same quarter last year, which indicates a positive year over year growth rate of 20.1%. The business is expected to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that Fox Factory will report full year sales of $730.14 million for the current financial year, with estimates ranging from $723.50 million to $733.00 million. For the next financial year, analysts anticipate that the business will report sales of $798.08 million, with estimates ranging from $790.00 million to $806.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fox Factory.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. Fox Factory had a return on equity of 30.57% and a net margin of 12.43%. The firm had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $156.30 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Fox Factory’s revenue for the quarter was up 24.6% compared to the same quarter last year.

Several brokerages have issued reports on FOXF. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Friday, May 3rd. BidaskClub cut Fox Factory from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. Finally, SunTrust Banks upped their price objective on Fox Factory to $70.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $66.57.

In other news, insider Christopher Tutton sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.94, for a total transaction of $151,880.00. Following the completion of the transaction, the insider now directly owns 30,445 shares of the company’s stock, valued at $2,311,993.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zvi Glasman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $77.50, for a total value of $387,500.00. Following the transaction, the chief financial officer now directly owns 20,284 shares of the company’s stock, valued at $1,572,010. The disclosure for this sale can be found here. Insiders have sold 121,865 shares of company stock valued at $8,367,806 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new position in shares of Fox Factory during the first quarter valued at approximately $31,000. Huntington National Bank bought a new position in shares of Fox Factory during the first quarter valued at approximately $33,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Fox Factory by 751.3% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 647 shares of the company’s stock valued at $38,000 after purchasing an additional 571 shares during the last quarter. Private Capital Group LLC grew its holdings in Fox Factory by 78.0% in the 1st quarter. Private Capital Group LLC now owns 557 shares of the company’s stock worth $39,000 after buying an additional 244 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new position in Fox Factory in the 1st quarter worth approximately $62,000. 98.65% of the stock is owned by institutional investors.

NASDAQ FOXF traded down $0.65 on Friday, hitting $72.84. 144,803 shares of the stock traded hands, compared to its average volume of 182,795. Fox Factory has a twelve month low of $42.80 and a twelve month high of $79.46. The stock has a market capitalization of $2.78 billion, a P/E ratio of 32.81, a PEG ratio of 1.71 and a beta of 1.24. The company has a quick ratio of 1.29, a current ratio of 2.39 and a debt-to-equity ratio of 0.19.

About Fox Factory

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

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