Fox Factory (NASDAQ:FOXF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Fox Factory Holding Corp. is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles, off-road vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. Fox Factory Holding Corp. is headquartered in California. “

A number of other research firms also recently issued reports on FOXF. William Blair downgraded shares of Fox Factory from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Robert W. Baird restated a “hold” rating and set a $40.00 price target on shares of Fox Factory in a report on Thursday, September 28th. SunTrust Banks restated a “hold” rating and set a $36.00 price target on shares of Fox Factory in a report on Friday, October 20th. ValuEngine downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $44.00 price target on shares of Fox Factory in a report on Sunday, December 3rd. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Fox Factory has an average rating of “Hold” and a consensus target price of $39.29.

Fox Factory (NASDAQ:FOXF) traded down $0.55 during mid-day trading on Monday, reaching $37.80. 257,200 shares of the company’s stock were exchanged, compared to its average volume of 231,567. Fox Factory has a 12 month low of $25.25 and a 12 month high of $46.80. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1,420.00, a P/E ratio of 29.08, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Fox Factory had a net margin of 10.76% and a return on equity of 28.25%. The company had revenue of $127.40 million during the quarter, compared to the consensus estimate of $123.02 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. analysts expect that Fox Factory will post 1.53 EPS for the current fiscal year.

In related news, CEO Larry L. Enterline sold 75,000 shares of Fox Factory stock in a transaction on Friday, December 15th. The shares were sold at an average price of $38.08, for a total value of $2,856,000.00. Following the transaction, the chief executive officer now owns 124,934 shares in the company, valued at approximately $4,757,486.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zvi Glasman sold 15,000 shares of Fox Factory stock in a transaction on Friday, December 8th. The stock was sold at an average price of $39.72, for a total transaction of $595,800.00. Following the completion of the transaction, the chief financial officer now owns 64,100 shares in the company, valued at approximately $2,546,052. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock worth $3,845,500 in the last 90 days. 21.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its holdings in Fox Factory by 187.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock worth $49,330,000 after acquiring an additional 746,191 shares during the period. California Public Employees Retirement System raised its holdings in Fox Factory by 65.5% in the 3rd quarter. California Public Employees Retirement System now owns 25,152 shares of the company’s stock worth $1,084,000 after acquiring an additional 9,952 shares during the period. Janus Henderson Group PLC raised its holdings in Fox Factory by 10.1% in the 3rd quarter. Janus Henderson Group PLC now owns 369,941 shares of the company’s stock worth $15,944,000 after acquiring an additional 34,052 shares during the period. Polen Capital Management LLC bought a new position in Fox Factory in the 3rd quarter worth $225,000. Finally, Convergence Investment Partners LLC bought a new position in Fox Factory in the 3rd quarter worth $1,126,000. Hedge funds and other institutional investors own 97.78% of the company’s stock.

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About Fox Factory

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.

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