Equities analysts expect that Fox Factory Holding Corp (NASDAQ:FOXF) will report sales of $172.72 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Fox Factory’s earnings, with the highest sales estimate coming in at $176.00 million and the lowest estimate coming in at $170.00 million. Fox Factory posted sales of $127.40 million during the same quarter last year, which suggests a positive year over year growth rate of 35.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that Fox Factory will report full year sales of $612.14 million for the current fiscal year, with estimates ranging from $608.00 million to $615.30 million. For the next financial year, analysts expect that the firm will post sales of $672.32 million per share, with estimates ranging from $657.69 million to $695.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Fox Factory.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Fox Factory had a net margin of 10.93% and a return on equity of 27.73%. The business had revenue of $156.80 million during the quarter, compared to analyst estimates of $146.72 million. During the same period last year, the business posted $0.39 earnings per share. Fox Factory’s quarterly revenue was up 29.8% compared to the same quarter last year.

A number of equities analysts have weighed in on FOXF shares. Zacks Investment Research raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, July 5th. ValuEngine downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. BidaskClub raised shares of Fox Factory from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Bank of America raised their target price on shares of Fox Factory from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group started coverage on shares of Fox Factory in a research note on Monday, July 16th. They set a “buy” rating and a $63.00 target price for the company. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $53.14.

Shares of NASDAQ FOXF traded down $0.95 on Monday, reaching $63.90. 261,076 shares of the company’s stock traded hands, compared to its average volume of 240,468. Fox Factory has a 12 month low of $33.20 and a 12 month high of $68.30. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 40.19, a P/E/G ratio of 1.82 and a beta of 0.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 2.18.

In related news, CFO Zvi Glasman sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $38.81, for a total transaction of $407,505.00. Following the completion of the sale, the chief financial officer now owns 37,067 shares of the company’s stock, valued at $1,438,570.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wesley E. Allinger sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the sale, the insider now directly owns 62,132 shares of the company’s stock, valued at approximately $3,107,842.64. The disclosure for this sale can be found here. Insiders have sold 71,942 shares of company stock valued at $3,753,082 in the last ninety days. Insiders own 5.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Fox Factory by 10.8% during the second quarter. BlackRock Inc. now owns 5,233,996 shares of the company’s stock valued at $243,642,000 after acquiring an additional 511,948 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Fox Factory by 7.3% during the first quarter. Neuberger Berman Group LLC now owns 2,133,929 shares of the company’s stock valued at $74,474,000 after acquiring an additional 145,478 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Fox Factory by 6.5% during the second quarter. Conestoga Capital Advisors LLC now owns 1,896,466 shares of the company’s stock valued at $88,280,000 after acquiring an additional 115,750 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of Fox Factory by 11.7% during the second quarter. Van Berkom & Associates Inc. now owns 1,645,234 shares of the company’s stock valued at $76,586,000 after acquiring an additional 172,070 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Fox Factory by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,338,548 shares of the company’s stock valued at $46,715,000 after acquiring an additional 8,206 shares in the last quarter. 99.50% of the stock is owned by institutional investors.

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.

Featured Story: What are Closed-End Mutual Funds?

Get a free copy of the Zacks research report on Fox Factory (FOXF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.com's FREE daily email newsletter.